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The State PrivatBank has signed a partnership agreement with the largest payment system in the world, UnionPay International, and plans to start issuing payment cards in the near future.
According to the press service of the bank
a partnership with the Chinese payment system will stimulate the development of cash-free colonies in Ukraine and the introduction of innovative payment services.
"To continue the steady trend of developing cooperation between Ukraine and China, PrivatBank will help provide UnionPay cardholders have high quality financial products and services and will help businesses and small businesses to attract more Chinese consumers, "said Peter Krumhanzl, CEO of PrivatBank.
UnionPay is a Chinese payment system established in 2002. At present, it is the largest in the world in the number of financial transactions and cards issued, exceeding Visa and MasterCard. In particular, more than half of the payment terminals and about half of the cash machines in Hungary accept UnionPay cards. UnionPay is also accepted in about half of ATMs and over 10,000 points of sale in the Czech Republic. UnionPay cards are issued in more than 40 countries
On 5 July, the Ukrainian parliament supported the draft law at first reading to improve the governance system of state-owned banks.
PrivatBank announced a new function
Moreover, PrivatBank was informed of the launch of the purchase payment function with the help of a fingerprint
Recall that & ## s 39, in December 2016, Privatbank, 49.9% owned oligarch Igor Kolom
ALSO READ: Taxi driver, petrol station and 28 companies: Kolomoisky took out money from Privatbank – investigation
Previously, the Cabinet approved a decision to pre-capitalize PrivatBank on UAH 38.5 billion.
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