National bank brought in a resolution № 480 “ about introduction of amendments to rules and regulations acts of National bank” and № 481 “ about introduction of amendments to rules and regulations acts of National bank regarding conducting transactions of e-money” d.d. 24.07.2015.
Resolution № 480 is aimed at preparing the ground for entry into Ukrainian market of such international systems as Apple Pay, Google Wallet, PayPal and others. In this resolutions can also be found requirements for registration in Payment system register, settlements system, participants of this systems and payment infrastructure services operators, information about international systems of internet-payments.
According to this document, now non-bank financial institutions will be able to much easily get a license on national currency transfer, without opening the account. There is also a simplified procedure of participants of international payment systems, which were made by nom-residents. Simplification is in the smaller amount of needed documents, required for NBU consideration.
In the resolution are also regulated questions about suppliers` using payment services of trade marks, names of which are not corresponding to their official names, during the money transferring,
With the resolution № 481, NBU opened, from the one hand the possibility for Ukraine citizens to make payments to non-residential distributors, who released eminents-nonresidents, and from the other hand, those who were released by eminent-nonresident. Apart from that, there will be an opportunity to make payments by using the e-money, which was made abroad, for using them in the international system of internet payments.
Apart from that, NBU leveled up the maximum amount of e-money payments in the course of artificial year, which increased from 35 thous to 62 thous UAH. The sum of e-money, which is located on electrical users` devices, will be also expanded.
Jacov Smoliy, vice chairman of the National bank, thinks that mentioned resolutions will be able to change the situation on the market to the positive side and open it to international internet-payment systems.
