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Thursday, September 21, 2017

PrivatBank increases POS terminal network

PrivatBank, the largest commercial bank in Ukraine, has increased the number of POS terminals in its network by 50 percent this year to 110.

The bank said that non-cash payments for goods and services have become more than twice as popular, while the volume of card payments through the bank grew by 49 percent.

"Today we are totally free to provide the opportunity to accept payment cards at any retail outlet, regardless of the size and turnover of the business. The entire installation process takes no more than three working days," Roman Neginsky, the head of business service trade enterprises at PrivatBank, said.

More than 700,000 people make payments through PrivatBank's Ukraine network each day, and more than 30,000 people are employed within the bank's system.

A market survey conducted by GFK Ukraine found that PrivatBank's
Services are used by 33.2 percent of Ukrainian banking clients and 24.9 percent of Ukrainian consumers consider PrivatBank their main bank.