The FINANCIAL – IFC, a member of the World Bank Group, announced it will be working with the National Bank of Ukraine to develop a national financial inclusion strategy aimed at improving access to digital financial services, creating jobs and boosting the country’s economic growth. In Ukraine, the share of digital, i.e. non-cash transactions—in total volume of transactions using payment cards—increased from 25 percent in 2014 to nearly 50 percent in late 2019, according to the National Bank of Ukraine. Triggered by the COVID-19 pandemic, internet banking has been on the rise in 2020, with around 60 percent of the…
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