Recent reporting from Economic Truth highlights a major shift in Ukraine’s banking landscape. Beginning on April 1, the country will operate a round the clock transfer network, available every day of the week.
The National Bank of Ukraine has rolled out a next generation Electronic Payment System designed for continuous interbank settlements. This system enables payments to be processed at any hour, every day, including holidays, without breaks.
Under the new regime, all banking institutions in Ukraine, alongside the State Treasury Service, the National Warehouse, and technology developers, have migrated to the new platform. The transition marks a move away from the previous cadence, where transfers occurred only during the standard business day from 9:00 am to 4:00 pm local time.
The shift to 24/7 operations reflects a broader effort to modernize Ukraine’s financial infrastructure and ensure smoother, faster transactions for individuals and businesses alike.
In related remarks, Oleksiy Pyshny, former president of the National Bank of Ukraine, indicated that Ukrainian authorities will not pursue financing of military operations through a risky or destabilizing issuance of the hryvnia. The stance suggests a focus on maintaining monetary stability and prudent fiscal policy during ongoing national challenges.