Updated Requirements for Cashless Transfers in Ukraine
Beginning March 3, 2026, new requirements for cashless money transfers that do not require a bank account will take effect in Ukraine. These rules, established by the National Bank of Ukraine (NBU) in Resolution No. 20 dated February 26, 2026, will impact all payments made by citizens through banks, financial companies, payment services, and terminals. The regulator has granted financial institutions a six-month transition period to adapt to the new framework, which is part of broader efforts to modernize the country's payment infrastructure.
Key Changes and Innovations
Among the most significant changes is the mandatory identification of the actual payer in situations where one person makes a payment on behalf of another. All payment services must provide the functionality to clearly specify this information. A strict prohibition on combining several payments into a single, aggregated transaction is also being introduced. From now on, each transaction must be processed entirely separately, with an individual transaction number, separate confirmation, and its own receipt generated for every operation.
For housing and utility service payments, it will no longer be necessary to provide the payer's personal data. However, identification remains mandatory for tax and fee payments. To improve customer convenience, the new rules allow for the partial automation of payment details. Furthermore, before confirming any transfer, the user must be shown complete payment information.
These amendments are aimed at increasing the transparency and security of financial operations within Ukraine.
The introduction of new rules for cashless transfers in Ukraine reflects the regulator's efforts to modernize the financial system and ensure its compliance with contemporary security requirements.
National Bank of Ukraine
Specifically, the focus on mandatory payer identification and the ban on payment aggregation will help reduce the risks of financial fraud. During the transition period, financial institutions will have the opportunity to adapt their systems, which will enhance their readiness to implement the new requirements.