The National Bank of Ukraine is actively working on joining Ukraine to the single area of \u200b\u200bpayments in the European currency SEPA. This was reported by the press service of the NBU on Facebook..

They note that the NBU is negotiating with the European Payments Council (EDS), which coordinates the activities of SEPA.. In particular, last week, an online meeting of specialists from the National Bank and EDS was held with the participation of NBU Deputy Chairman Oleksiy Shaban and EDS General Director Etienne Gooss, during which they discussed both the very idea of \u200b\u200b\u200b\u200bUkraine joining SEPA and the technical aspects of integration with SEPA participants..

“We are grateful to the European Payments Council for its readiness to support the National Bank of Ukraine on the way to deeper integration of the Ukrainian and European payment markets and Ukraine's accession to SEPA,” said Oleksiy Shaban. “We plan to continue the dialogue and expert discussions in order to jointly define clear criteria for this process, develop a roadmap and a step-by-step plan for rapid integration.”.

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Also, the EMF will help to assess the legislation of Ukraine on payment services, financial monitoring, currency regulation and protection of economic competition for compliance with the European. This is a key prerequisite for SEPA integration.

Ukraine's accession to SEPA will help to simplify the entry into the EU market for Ukrainian business and reduce technical barriers for Ukrainian fintech to enter the EU financial services market and reduce the cost of money transfers from EU countries.

Recall that the National Bank of Ukraine has been implementing a campaign to collect small coins for the needs of the Armed Forces of Ukraine for three months.. Change points will work from August 1 to October 31, 2022 in branches of authorized banks - Sberbank and FUIB.