News - Adopted as a basis the Draft Law “On Payment Services” - Verkhovna Rada of Ukraine

Adopted as a basis the Draft Law “On Payment Services”

Information Department of the Verkhovna Rada of Ukraine Secretariat
Published on 19 February 2021, at 15:17

The Draft Law No. 4364 “On Payment Services”:
- establishes a list of payment services, the procedure for providing them, the terms of authorization and a list of categories of providers of payment services;
- determines the general principles for the functioning of payment systems in Ukraine, the issue and use of electronic money and digital money by the NBU;
- establishes the rights, duties and responsibilities of participants in the payment market of Ukraine;
- determines the general procedure for supervision of payment service providers, the procedure for oversight of the payment infrastructure and payment instruments.

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