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The instant payment system was launched in Ukraine

Photo: NBU

All EPS participants must gradually be connected to it to offer their clients high-quality and fast payment services.

The new version of the electronic payment system of the National Bank of Ukraine – SEP-4.1 – has been operating in Ukraine since December 1, 2024. It has the functionality of instant credit transfers which is already available in ten banks. This was reported by the NBU press service.

“The transition to a new version of the software was successful, and now the function of instant EPS transfers is available to everyone connected to the system: banks, non-bank payment service providers, the State Treasury Service of Ukraine,” the message said.

Now the following people are directly connected to SEP’s instant transfer functionality:

  • National Bank;

  • Sberbank

  • CREDIT AGRICOLE BANK

  • SKY BANK

  • CLEARING HOUSE

  • UKRSIBBANK

  • Ukreximbank

  • EUROPEAN INDUSTRIAL BANK

  • SENS BANK

  • Altbank

  • Idea Bank.

Gradually, all BOT participants should connect to it (depending on their internal schedules for the implementation of instant BOT transfers) in order to offer their customers high-quality and fast payment services.

“The implementation of the instant transfer functionality of the electronic payment system… creates conditions for further improvement of the country’s payment infrastructure,” the press service added.


An ETS instant transfer is a payment transaction where funds are immediately credited to the recipient’s account through ETS. That is, payment service providers will perform an immediate transfer of funds from the payer’s account to the recipient’s account and are required to immediately inform them about the results of the payment transaction.
Such a payment transaction can be initiated by both individuals and legal entities. The maximum execution time for instant SEP transfer is measured in seconds (no more than 10 seconds), and the maximum amount of a payment transaction is set at 100 thousand hryvnias, which is the optimal solution for most payments to meet the daily needs of citizens, said the NBU.

As is known, the net profit after tax of solvent Ukrainian banks for January-October 2024 amounted to 125.6 billion Hryvnia. This is 2.3% higher than the same period last year.

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Source: korrespondent

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