The most popular money transfer systems in 2023: leaders and innovations
Ukraine registered a record number of money transfers in 2023 for a total amount of UAH 728 billion, which is twice as high as last year. According to the National Bank, the average amount of an intrastate transfer is UAH 862.
The leader in the volume of transfers within the country is the NovaPay company, which carried out 32% of all domestic transactions. One of the most interesting news about this company was introduced to sell their bonds in its own application. Great Britain, 1 each from Georgia and Canada).
As for the inflow of funds to Ukraine, transfers in the amount of 2.6 billion dollars were registered in 2023. This is 17% less than in the previous year. The average amount of foreign transfer was $255.
Most money came from United States (18%), Israel (17%), Italy (15%), Germany (9%) and Ireland (5%). Within these transfers, the most popular payment systems were:
- Western Union (the payer is a resident of the USA) – 43.2% of all transfers;
- MoneyGram (payer is a resident of the USA) – 21.7% of all transfers;
- PrivatMoney (JSC "PrivatBank") – 17.9% of all transfers.
Answers to questions
What was the total amount of money transfers in Ukraine in in 2023?
Which money transfer systems were the most popular in Ukraine in 2023?
How many payment systems operate in Ukraine?
What was the amount of external transfers in Ukraine in 2023?
From which countries did most money flow into Ukraine in 2023?
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Discussion of the topic – The most popular money transfer systems in 2023: leaders and innovations
In 2023, the number of money transfers in Ukraine increased significantly, the volume reached 728 billion UAH. The National Bank disclosed the statistics, where NovaPay became the leader with the largest share of the Ukrainian market.
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John
Interesting statistics! It is surprising that NovaPay took the lead. Maybe it's because of their new features? 🤔
Sophie
Yes, NovaPay is actually impressive with its dynamic development. I wonder what other payment systems have a chance for growth? 🚀
Luis
Unique information! Western Union is at its peak again, but PrivatMoney is also not far behind. It is worth considering the possibility of developing new payment services 💸
Elena
These numbers are really impressive. It is necessary to study the situation with transfers more carefully. Maybe there are new popular services on the market ☝️
GrumpyOld
These trends with payment systems... Ridiculous. Everything was simpler once. There is no need for new, changes and noise. Keep calm and more urgent matters 🙄