The National Cashback program started in Ukraine, giving citizens the opportunity to return part of the funds for the purchase of domestic goods. The first month of testing showed high activity of participants and significant amounts of accruals.
National Cashback in Ukraine
The essence of the program
A pilot project called National Cashback has begun in Ukraine. This initiative is aimed at supporting domestic producers and motivating buyers to give preference to Ukrainian goods.
Refund mechanism
According to the rules of the program, participants can return 10% of the cost of purchased Ukrainian goods included in a special register . The maximum refund amount is limited to UAH 3,000 per month. Funds are credited through the Diya application, and payments are made to a separately issued card.
Conditions of participation
To participate in the National Cashback program, you must agree to monitor transactions on the bank card used to pay for purchases.
Results of the first month
Mikhail Fedorov, head of the Ministry of Digital Transformation, shared the results of the first month of beta testing of the National Cashback. According to his information, Ukrainians have already received 42 million hryvnia. At the same time, 95% of users who joined the program already see accrued funds in the Diya application.
Program statistics
Fedorov also provided the following statistics:
- 1.6 million citizens of Ukraine opened special cards in banks
- 1,234 manufacturers joined the National Cashback program
- 235 thousand products participate in the initiative
Based on the presented figures, for each registered participant in the program there is approximately 26.25 hryvnia accrued per month cashback.
Opportunities for using funds
Funds received under the National Cashback program can be used to pay for utilities and medical services, transport, and mobile communications , sporting events, film screenings, and for donations to the Defense Forces or purchase of war bonds.
Glossary
- National Cashback - a program for returning part of the funds for the purchase of Ukrainian goods
- Diya - state mobile application for digital services in Ukraine
- Mikhail Fedorov - Minister of Digital Transformation of Ukraine
- Defense forces - the armed forces of Ukraine
- War bonds - government securities to support the defense of Ukraine
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Discussion of the topic – National cashback: 1.6 million Ukrainians received UAH 42 million for the purchase of domestic goods
The National Cashback program launched in Ukraine, attracting 1.6 million participants and returning UAH 42 million per month. The goal is to support Ukrainian manufacturers by offering 10% cashback on domestic goods.
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Olivia
Wow, 42 million hryvnia cashback per month! 🤑 This is impressive. Wondering which products are in greatest demand?
Hans
Yes, the numbers are impressive. But I'm more interested in how this will affect local producers. I hope this really helps them develop.
Sophie
I have already opened the card and am waiting to start using the program. I think this is a great way to support domestic manufacturers and save money 💰
Diego
Olivia, it seems to me that food and household chemicals will lead the way. In general, it’s great that you can spend cashback on utilities or donations for the army 🇺🇦
Viktor
Some kind of nonsense. Once again the state is getting into our wallets. And who needs these pennies? It would be better to reduce taxes than to give out such handouts.
Olivia
Diego, I agree! It’s especially cool that you can support the army. Hans, have you already joined the program?
Hans
Olivia, yes, I already opened the card. I'm still looking at the goods. Sophie, what purchases are you planning to make first? 🛒
Sophie
Hans, I’m thinking of starting with household appliances - I’ve been wanting to update my kitchen appliances for a long time. And then I’ll move on to food and cosmetics. The main thing is not to forget about the limit of 3000 UAH per month 😉