The increase in rates for servicing non-cash payments will have a direct negative impact on the value of goods and services in Ukraine.
The Oil and Gas Association of Ukraine opposes the increase in the procurement price for the Ukrainian business, which is expected from July 1 this year. This was announced on June 12 by the NAU press service.
The situation will lead to an immediate increase in the cost of all goods and services in Ukraine.
“Fuel market operators represented by the Oil and Gas Association of Ukraine joined other Ukrainian business representatives and called on international payment systems and banks to leave exchange rates at a level of no more than 0.7% and be obtained at the current level until the end of martial law. and within three months after”, – said the statement.
NAU recalled that over the past seven years, the level of cashless payments has increased significantly in Ukraine, both in terms of the growth of the POS-terminal network, and in terms of the number and volume of non-cash population transactions. of Ukraine.
With the beginning of the full invasion of the Russian Federation, international payment systems significantly reduced the interchange rate in Ukraine, however, the maximum legal rate in the EU is lower (0.2-0.3%) than the preferential rate in Ukraine during martial law.
Experts emphasized that the increase in exchange rates, and as a result acquisition, for business entities will have a direct negative impact on the cost of goods and services.
Business entities, especially gas station chains, will incur additional costs for the client’s ability to pay with a plastic card or mobile. At the same time, acquisition costs for gas station operators are many times higher than collection costs.
“To support Ukrainian businesses and consumers under martial law, the Oil and Gas Association of Ukraine calls on the National Bank of Ukraine, international payment systems and banking institutions not to increase exchange rates ( acquisition) at a time when the country is at war,” NAU said.
Acquisition – the ability to accept non-cash payments for goods and services using plastic cards. The concept also includes banking and technological services.
It was previously reported that from July 1, VAT on fuel will be returned to pre-war rates.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.