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Transfers have risen by a quarter in 2018

18.02.2019

National Bank of Ukraine gives such statistics

In total, in 2018, both residents and nonresidents used money transfer systems to transact the following transfers: USD 2,301 million in equivalent to Ukraine (28.28% of total transfers); USD 294 million in equivalent abroad (3.61% of total transfers); UAH 150.53 billion or USD 5,541 million in equivalent within Ukraine (68.11% of the total value of transfers).

So, the domestic transfers in money transfer systems over 2018 has increased by 24.3% yoy (in 2017 domestic transfers accounted for over UAH 120.5 billion or USD 4,456 million in equivalent).

The USA residents account for the majority of cross-border transfers using money transfer systems: 82% – to Ukraine and 98% – abroad.

Ukraine remains a net recipient of cross-border transfers. During 2018, the amounts received in Ukraine through international money transfer systems exceeded amounts sent abroad by eight times.

Transfers in money transfer systems are broken down by country as follows:

to Ukraine: from the USA – 17%; from Israel – 13%; from Russia – 9%; from Italy – 8%; from Poland – 7%; from other countries (221 countries) – 46%;

from Ukraine: to Russia – 36%;to Georgia – 10%; to China – 6%; to Azerbaijan – 6%; to Uzbekistan – 4%; to other countries (192 countries) – 38%.

By the way, Transcarpathian Cominvestbank also carries out high-quality money transfer services to any place in the world by means of international and domestic money transfers systems with and without opening an account, in national and foreign currency, on favor of the individuals and legal entities, within the territory of Ukraine and abroad.

For this purposes, the bank cooperates with the most popular international payment systems such as WesternUnion, Money Gram, S.W.I.F.T., Welsend, Intel Express.

Transfers have risen by a quarter in 2018

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