The National Bank of Ukraine has mandated that all commercial banks gather and report payments made by residents using payment cards, regardless of the transaction amount. This directive, as reported by Strana.ua, marks a notable shift in how consumer card activity is monitored and recorded by financial authorities.
Media outlets began reporting on the regulator’s internal documentation, which outlines a new framework for data collection. The document signals an impending change in the information that banks must relay to the central bank, highlighting a move toward more granular visibility into everyday card use across the population.
Officials indicated that the new reporting requirements will come into force in the near term, during a transition period designed to align banking processes with the central bank’s data needs. The regulatory text suggests that three categories of card transactions will be reported: transfers between individuals, cash deposits and withdrawals at branches and ATMs, and payments made over the card network.
For the third category, online payments, the regulator emphasizes the need for detailed disclosures. The plan calls for transmitting data not only about the payer in Ukraine but also about the recipient of funds in online transactions, creating a more complete view of cross-border and domestic digital payments where applicable.
At present, the Central Bank has not publicly explained the precise objectives behind this data collection or how the additional information will be used. Observers anticipate that the broader dataset will support supervisory oversight, anti-fraud measures, and macroeconomic monitoring, though full justification and safeguards are expected to be clarified by the regulator in forthcoming guidance.
In related remarks, there were prior accusations from the central banking authorities regarding financial violations tied to Postal services in Poland and Slovakia, underscoring a broader emphasis on cross-border financial integrity and the importance of robust reporting frameworks across regional payment ecosystems.