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Saturday, January 28, 2023

International payment systems increase interchange rates in Ukraine

International payment systems are increasing interchange rates to 1% from December 1, 2022.

This was reported by the press service of PrivatBank . They also added that despite the increase, PrivatBank is leaving the existing preferential rates for accepting non-cash payment by cards for trade enterprises.

From the beginning of December and until the end of the year, PrivatBank customers will have a preferential basic tariff for accepting card payments at the level of 1.3%.

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“Keeping the preferential tariff is not an easy decision for the bank, but for us social responsibility and support of Ukrainian business is the main priority. We offer to support our initiative from the international payment systems MasterCard and Visa and to cancel the increase in the interchange rate from December 1, 2022, which forces banks to increase tariffs,” said PrivatBank’s board member for small and medium-sized businesses Yevhen Zaigraev.

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