Ukraine plans to limit P2P transfers. The National Bank of Ukraine (NBU) is preparing a decision to limit the number of card transfers and set limits on transfers of funds from card to card between individuals.
These measures were a consequence of the decision of the National Security and Defense Council, adopted in April 2024, to combat illegal gambling.
The banking regulator intends to introduce new limits on P2P transfers within a month.
Deputy head of the NBU Dmitro Oleynik clarified that we are talking about a limit for transfers from individual accounts in the amount of 100 thousand hryvnia (about $2.5 thousand) per month. The number of such transactions is planned to be limited to 30 per month. According to Oleynik, this will not cause concern to the majority of banking clients, but will significantly complicate the activities of criminals involved in shadow payments.
It is expected that these measures will help counter the use of drops — dummy persons whose data and bank cards are used for transfers and cash withdrawals. Recently, in Ukraine, the number of drops actively used for settlements with illegal gambling operators has increased significantly.
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