The volume of remittances through digital services and PrivatBank offices in 2018 grew by 25% YoY, to $2.6 billion.
Over 60% of remittances were received exclusively via digital services, according to the bank’s press service. Referring to the statistics of the National Bank of Ukraine on $5.67 billion of money transfers through official channels, PrivatBank said it accounted for 45% of the total volume of transfers from labor migrants.
According to the bank, last year, the largest amount of remittances to Ukraine came from the USA (16%), the UK (8%), Israel (6%), Germany (5%), Russia (5%), Italy (5%), Poland (4%), the United Arab Emirates (2.7%), Turkey (2.5%) and Cyprus (2%). (UNIAN/Business World Magazine)