Credit transfers dominate: how Ukrainians made payments in 2024

In 2024, over 3.6 billion payment transactions were carried out in Ukraine, including credit and debit transfers.

This was reported by the NBU, according to UNN.

Credit transfers: leaders among payment operations

Credit transfers became the main form of transfers in 2024. In total, the following were carried out during the year: 

• 3.6 billion transactions within Ukraine totaling over 43 trillion hryvnias;
• 5.7 million international transfers to Ukraine totaling 69.27 billion US dollars (in equivalent);
• 1.4 million transfers from Ukraine totaling 77.06 billion US dollars (in equivalent).

The largest number of domestic transactions was carried out by individuals (85.7% of all transactions), while business entities led in terms of amount, accounting for 91.1% of the total transfer amount.

Regarding cross-border transactions, most funds came to Ukraine from the European Union (44.97%), Switzerland (21.71%), and the USA (11.88%).

At the same time, 94.1% of the amount of international transfers to Ukrainian enterprises were related to foreign economic activity.

Statistics for business

Among cross-border transactions from Ukraine, the largest volume was carried out by businesses, especially for international trade operations (export/import), which accounted for 99.8% of the total amount of such transfers.

What changes with the new reporting? Since 2023, the National Bank of Ukraine has started publishing data on the use of credit transfers and debits, which allows for a better assessment of the volume of payment operations.

This reporting complies with the international standards of the European Central Bank and other leading financial institutions.

However, since data collection only began in 2023, it will only be possible to compare these results with previous years in mid-2025.

Recall

The NBU explained that the change in the hryvnia exchange rate cannot eliminate the structural currency deficit in the country.