Ukrainians switch to cashless payments

By 2022, the number of non-cash payments will double in Ukraine. According to experts, by this time the spending of Ukrainian citizens without the use of cash will increase to 1.7 trillion UAH. So far, this amount is more modest – 765 billion UAH. Thus, in five years, non-cash payments will amount to 57% of the total number of payments in the country.


The fact that now the popularity of cashless banking is steadily growing is confirmed by the NBU. Since the beginning of the year, such calculations have increased by 3.1%. 39% of the money people spend on the Internet, and 52.4% – when calculating in retail chains.


Cash is losing ground faster in the digital age.