Up to 30 operations per month. NBU will set restrictions on P2P transfers due to the spread of online fraud

by alex

The Technology section is published with the support of Favbet Tech

До 30 операций в месяц. НБУ установит ограничения на Р2Р-переводы из-за распространения онлайн-мошенничества

The NBU decision will apply directly to outgoing transfers – you can accept funds onto the card unlimitedly .

Deputy Chairman of the National Bank of Ukraine Dmitry Oleynik reported (via Forbes) that Ukraine will introduce restrictions on outgoing P2P transfers

До 30 операций в месяц. НБУ установит ограничения на Р2Р-переводы из-за распространения онлайн-мошенничества

Transfer from card to the card – in the working version we are talking about 30 operations per month and 100,000 UAH (however, the final decision can be adjusted).

The restriction is aimed at combating online fraud and will not interfere with volunteer fees, since it will only apply to outgoing payments. Shadow financial transactions are becoming increasingly common – as an example, cite “drops” or so-called “money mules”, when fraudsters buy their data from ordinary citizens and open cards through which they carry out thousands of transactions (limited to the amount of up to 400,000 UAH – larger ones are subject to financial monitoring)

Such schemes, according to Oleinik, are often used for tax evasion, paying salaries in envelopes, withdrawing funds abroad or drug trafficking, etc., and have become even more popular after the hunt for miscoding in gambling business – two banks, Ibox Bank and Concord Bank, have already been withdrawn from the market because of this.

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In 2023, the volume of P2P transfers in Ukraine increased from UAH 210 billion in January to UAH 247 billion in December, which exceeded the volume of purchases and cash withdrawals using cards, and indicates, according to the NBU, “a certain anomalous behavior of this segment of payment transactions.” 

The Technology section is published with the support of Favbet Tech

До 30 операций в месяц. НБУ установит ограничения на Р2Р-переводы из-за распространения онлайн-мошенничества

До 30 операций в месяц. НБУ установит ограничения на Р2Р-переводы из-за распространения онлайн-мошенничества

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