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On the Performance of Money Transfer Systems in 2016

3 Şubat 2017

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 Şubat 3, 2017
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On the Performance of Money Transfer Systems in 2016

payment-systemsIn 2016, in Ukraine, there operated 39 money transfer systems, including 25 systems created by residents and 14 money transfer systems established by non-residents.

Overall, the following amounts were transferred through money transfer systems created by residents and  non-residents:

-To Ukraine – the equivalent of USD  2, 488 million;

-out of Ukraine – the equivalent of USD 352 million; and

-In Ukraine – the equivalent of USD 3,671 million;

Overall, in 2016, the following amounts were transferred through money transfer systems created by residents:

-In Ukraine – the equivalent of USD  3, 668.83 million;Shares of payments

-To Ukraine – the equivalent of USD 2.37  million;

-out of Ukraine  – the equivalent of USD 1.38  million;

Overall, in 2016, the following amounts were transferred through money transfer systems created by non-residents:

-To Ukraine – the equivalent of USD  2, 485.48 million;

-out of Ukraine  – the equivalent of USD 350.94  million; and

-in Ukraine – the equivalent of USD 2.64  million;

Shares of payments grafic

The Western Union payment system took the lead among payment systems created by non-residents in terms of the total amount of cross-border money transfers (40% of total cross-border transfers to Ukraine were executed through Western Union and 32% of total transfers out of Ukraine.

Ukraine remains the recipient country of cross-border transfers. During 2016, the amount of funds received in Ukraine through money transfer systems was seven times more than the amount sent abroad.

NBU

www.bank.gov.ua

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