In Ukraine, payments made in cash have been steadily decreasing and now make up less than half of transactions. This trend was accelerated by the Ukrainian National Bank’s #Cashless campaign launched in 2021. The campaign communicated the benefits of non-cash payments and explained how payment technology works.
Subsequently, this has led to an uplift in card payments. The number of contactless payments has also been steadily climbing.
While you can still process large volumes of cards in Ukraine with Adyen, there are certain restrictions. We can’t onboard local merchants or offer in-person payments. We can only onboard merchants with a European Economic Area (EEA) entity and provide cross-border ecommerce payments.