Official: Ukrainians widely use payment cards

There is a rapidly growing number of buy and sale transactions using payment cards in Ukraine, the Independent Banks Association Council (the IBAC) chief Borys Tymonkin said at the “Are the Ukrainian banks ready for Euro 2012?” press conference to ForUm correspondent.

"We have been complaining on the fact that our cards are mainly used for cash withdrawals at ATMs. Now, if we compare the first quarter of 2012 and the first quarter of 2011 – there is a 21% increase in turnover of card payments. This figure is very good. People start to pay,” he said.