This development will enable the bank to offer a wide range of financial services, including social payments, transfers, and account management.
The authorities emphasized that the extensive network of Ukrposhta branches throughout the country will create new opportunities for citizens, making banking services more accessible.
The Ministry of Community and Territorial Development also highlighted several key advantages of this initiative:
The state could save up to 2.6 billion UAH annually on expenses related to pension and social assistance payments.
With more than 25,000 new service points, financial services will be available even in the most remote areas of the country.
Additionally, the expansion of cashless payments is expected to help reduce the level of corruption and increase revenues to the state budget.
Individuals with limited mobility and disabilities will be able to access banking services directly from their homes.
In the event of power outages or communication disruptions, essential banking services will remain accessible in frontline and rural areas.