NBU clarifies procedure for receiving online payments from non-residents

The National Bank of Ukraine (NBU) has clarified a procedure for receiving #online_payments by the Ukrainian residents from non-residents, in connection with the regulator’s recent decision to allow payments conducted through international online payment systems.

In its posting on Facebook, the NBU informed that receiving e-money from non-residents is possible through international online payment systems which provide for the possibility of redemption (withdrawal) of funds.

The report notes that the withdrawal of funds from such systems should be carried out in the accounts of individuals opened with Ukrainian banks, using payment instruments provided by such international payment systems (credit cards).

After that, individuals, bank customers, will be able to carry out non-cash payments or receive funds in cash.

According to the NBU, the funds may be allocated in the customer's account opened at a Ukrainian bank in foreign currency or in the national currency after forex operation.

As UNIAN reported earlier, on February 13 the NBU allowed Ukrainian residents to receive e-money issued by non-resident issuers via international online payment systems, as well as simplified the procedure for harmonizing rules on e-money use for banks, members/participants of domestic payment systems.

Original