The National Bank of Ukraine is interested in further development of high-tech financial market in Ukraine, as it will positively influence the implementation of Cashless Economy project. That was reported by Serhii Shatskyi, Director of Payment Systems and Innovative Development Department.
“NBU is committed to assist the Ukrainian payment market to become mainly cashless; for that end, latest financial technology might be useful. Therefore, we try to keep open the dialogue with market, – Shatskyi said. – In return, we also look into solutions, which could facilitate payments both for citizens and SME. Among such are cloud technologies, mobile payments, QR-codes to pay for goods and services, Blockchain based solutions, which are set to prove their viability in payment area”.
In addition, Shatskyi noted that understanding who would be the client for the future product was an important criterion for successful implementation of financial start-ups. “At the same time, we need to upscale those technological solutions, which will become popular in the market and be in demand. Today, we need to pay attention to low-cost technological solutions for micropayments”, he noted.
In the meantime, the NBU representative stressed that NBU also supports prompt adoption of Draft Law No. 4117 “On Amendments to Certain Legal Acts of Ukraine on Liberalization of Cash Operations” by the Verkhovna Rada of Ukraine. The objective of the mentioned draft law is to ensure considerable reduction of costs incurred to acquire and service payment transaction registers (PTR) that allows to carry out cost-effective fiscalization of all available transactions related to receipt of cash or its analogues to pay for goods and services.
“Implementations of principles of this draft law will enable entrepreneurs to cut the indirect costs and simplify the receipt of payments by using both fiscal terminals of such devices as tablets, smartphones, laptops and computers”, Shatskyi said. (Bank.gov.ua/Business World Magazine)
