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Financial card industry expands amid digitalisation and regulatory reform
In 2025, Ukraine’s financial card industry expanded steadily, supported by regulatory reforms, wider cashless infrastructure, and rapid digital innovation. Card usage increased amid mandated merchant acceptance and growing adoption of contactless and mobile payments. Credit cards gained popularity for everyday spending, given ongoing economic uncertainty. Moving forward, Open Banking, fintech expansion, and deeper European integration are expected to further enhance card functionality, competition, and cross-border payment efficiency.
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Overview:
Understand the latest market trends and future growth opportunities for the Financial Cards and Payments industry in Ukraine with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Financial Cards and Payments industry in Ukraine, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Financial Cards and Payments in Ukraine report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Financial Cards and Payments in Ukraine?
- What are the major trends key to understanding Financial Cards and Payments in Ukraine?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Financial Cards and Payments in Ukraine - Industry Overview
Financial card industry expands amid digitalisation and regulatory reform
KEY DATA FINDINGS
Financial cards in circulation continues to grow, supported by expanding digital payment infrastructure
Credit cards grow in popularity for everyday spending
Regulatory changes strengthen card usage and flexibility
Open Banking and cross-border integration to boost card utility
Digital banking platforms to shape card access
Domestic fintech companies to drive up credit usage
PrivatBank remains dominant issuer
Mastercard retains largest payment network
Universal Bank is most dynamic issuer
Table 1 Number of POS Terminals: Units 2020-2025
Table 2 Number of ATMs: Units 2020-2025
Table 3 Value Lost to Fraud 2020-2025
Table 4 Card Expenditure by Location 2025
Table 5 Financial Cards in Circulation by Type: % Number of Cards 2020-2025
Table 6 Domestic versus Foreign Spend 2025
Table 7 Financial Cards by Category: Number of Cards in Circulation 2020-2025
Table 8 Financial Cards by Category: Number of Accounts 2020-2025
Table 9 Financial Cards Transactions by Category: Value 2020-2025
Table 10 Financial Cards by Category: Number of Transactions 2020-2025
Table 11 Consumer Payments by Category: Value 2020-2025
Table 12 Consumer Payments by Category: Number of Transactions 2020-2025
Table 13 M-Commerce by Category: Value 2020-2025
Table 14 M-Commerce by Category: % Value Growth 2020-2025
Table 15 Financial Cards: Number of Cards by Issuer 2020-2024
Table 16 Financial Cards: Number of Cards by Operator 2020-2024
Table 17 Financial Cards: Card Payment Transactions Value by Operator 2020-2024
Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2020-2024
Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2025-2030
Table 20 Forecast Financial Cards by Category: Number of Accounts 2025-2030
Table 21 Forecast Financial Cards Transactions by Category: Value 2025-2030
Table 22 Forecast Financial Cards by Category: Number of Transactions 2025-2030
Table 23 Forecast Consumer Payments by Category: Value 2025-2030
Table 24 Forecast Consumer Payments by Category: Number of Transactions 2025-2030
Table 25 Forecast M-Commerce by Category: Value 2025-2030
Table 26 Forecast M-Commerce by Category: % Value Growth 2025-2030
COUNTRY REPORTS DISCLAIMER
Summary 1 Research Sources
Credit Cards in Ukraine - Category analysis
KEY DATA FINDINGS
Credit cards show resilience despite economic pressures
Credit card volumes continue to expand amid economic uncertainty
Transactions increase despite monetary tightening
Credit card demand will remain resilient amid economic uncertainty
Continued fight against fraud
Large players will drive growth in fintech
Universal Bank AT remains leading issuer
Mastercard focuses on social responsibility initiatives
PUMB and Visa drive digital innovation and credit flexibility
Table 27 Credit Cards: Number of Cards in Circulation 2020-2025
Table 28 Credit Cards Transactions 2020-2025
Table 29 Credit Cards in Circulation: % Growth 2020-2025
Table 30 Credit Cards Transactions: % Growth 2020-2025
Table 31 Commercial Credit Cards: Number of Cards in Circulation 2020-2025
Table 32 Commercial Credit Cards Transactions 2020-2025
Table 33 Commercial Credit Cards in Circulation: % Growth 2020-2025
Table 34 Commercial Credit Cards Transactions: % Growth 2020-2025
Table 35 Personal Credit Cards: Number of Cards in Circulation 2020-2025
Table 36 Personal Credit Cards Transactions 2020-2025
Table 37 Personal Credit Cards in Circulation: % Growth 2020-2025
Table 38 Personal Credit Cards Transactions: % Growth 2020-2025
Table 39 Credit Cards: Number of Cards by Issuer 2020-2024
Table 40 Credit Cards: Number of Cards by Operator 2020-2024
Table 41 Credit Cards Payment Transaction Value by Issuer 2020-2024
Table 42 Credit Cards Payment Transaction Value by Operator 2020-2024
Table 43 Commercial Credit Cards: Number of Cards by Issuer 2020-2024
Table 44 Commercial Credit Cards: Number of Cards by Operator 2020-2024
Table 45 Commercial Credit Cards Payment Transaction Value by Issuer 2020-2024
Table 46 Commercial Credit Cards Payment Transaction Value by Operator 2020-2024
Table 47 Personal Credit Cards: Number of Cards by Issuer 2020-2024
Table 48 Personal Credit Cards: Number of Cards by Operator 2020-2024
Table 49 Personal Credit Cards Payment Transaction Value by Issuer 2020-2024
Table 50 Personal Credit Cards Payment Transaction Value by Operator 2020-2024
Table 51 Forecast Credit Cards: Number of Cards in Circulation 2025-2030
Table 52 Forecast Credit Cards Transactions 2025-2030
Table 53 Forecast Credit Cards in Circulation: % Growth 2025-2030
Table 54 Forecast Credit Cards Transactions: % Growth 2025-2030
Table 55 Forecast Commercial Credit Cards: Number of Cards in Circulation 2025-2030
Table 56 Forecast Commercial Credit Cards Transactions 2025-2030
Table 57 Forecast Commercial Credit Cards in Circulation: % Growth 2025-2030
Table 58 Forecast Commercial Credit Cards Transactions: % Growth 2025-2030
Table 59 Forecast Personal Credit Cards: Number of Cards in Circulation 2025-2030
Table 60 Forecast Personal Credit Cards Transactions 2025-2030
Table 61 Forecast Personal Credit Cards in Circulation: % Growth 2025-2030
Table 62 Forecast Personal Credit Cards Transactions: % Growth 2025-2030
Debit Cards in Ukraine - Category analysis
KEY DATA FINDINGS
Debit cards gain momentum
POS-terminal expansion drives debit card usage
Mobile wallets gain traction
Digitalisation to drive future growth
Open Banking and SEPA integration to enhance functionality
Diia.Card will consolidate government payments and expands debit card usage
Privat Bank is largest and most dynamic issuer
Mastercard and PROSTIR drive innovation and inclusion
Table 63 Debit Cards: Number of Cards in Circulation 2020-2025
Table 64 Debit Cards Transactions 2020-2025
Table 65 Debit Cards in Circulation: % Growth 2020-2025
Table 66 Debit Cards Transactions: % Growth 2020-2025
Table 67 Debit Cards: Number of Cards by Issuer 2020-2024
Table 68 Debit Cards: Number of Cards by Operator 2020-2024
Table 69 Debit Cards Payment Transaction Value by Issuer 2020-2024
Table 70 Debit Cards Payment Transaction Value by Operator 2020-2024
Table 71 Forecast Debit Cards: Number of Cards in Circulation 2025-2030
Table 72 Forecast Debit Cards Transactions 2025-2030
Table 73 Forecast Debit Cards in Circulation: % Growth 2025-2030
Table 74 Forecast Debit Cards Transactions: % Growth 2025-2030
Pre-Paid Cards in Ukraine - Category analysis
KEY DATA FINDINGS
Pre-paid cards grow on back of cashless transport payment systems
Closed loop cards continue to dominate
Closed loop pre-paid card transactions rise amid growing number of cashless transport payments
Investments in digital public transport payment systems will support future growth
LeoKart to accelerates cashless public transport in Lviv
Pre-paid cards will face competition from other forms of cashless payments, such as debit cards
GiOTS KP remains clear leader of closed loop pre-paid cards
Smaller issuers lead growth
Table 75 Pre-paid Cards: Number of Cards in Circulation 2020-2025
Table 76 Pre-paid Cards Transactions 2020-2025
Table 77 Pre-paid Cards in Circulation: % Growth 2020-2025
Table 78 Pre-paid Cards Transactions: % Growth 2020-2025
Table 79 Closed Loop Pre-paid Cards Transactions 2020-2025
Table 80 Closed Loop Pre-paid Cards Transactions: % Growth 2020-2025
Table 81 Open Loop Pre-paid Cards Transactions 2020-2025
Table 82 Open Loop Pre-paid Cards Transactions: % Growth 2020-2025
Table 83 Pre-paid Cards: Number of Cards by Issuer 2020-2024
Table 84 Pre-paid Cards: Number of Cards by Operator 2020-2024
Table 85 Pre-paid Cards Transaction Value by Issuer 2020-2024
Table 86 Pre-paid Cards Transaction Value by Operator 2020-2024
Table 87 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2020-2024
Table 88 Closed Loop Pre-paid Cards: Number of Cards by Operator 2020-2024
Table 89 Closed Loop Pre-paid Cards Transaction Value by Issuer 2020-2024
Table 90 Closed Loop Pre-paid Cards Transaction Value by Operator 2020-2024
Table 91 Open Loop Pre-paid Cards: Number of Cards by Issuer 2020-2024
Table 92 Open Loop Pre-paid Cards: Number of Cards by Operator 2020-2024
Table 93 Open Loop Pre-paid Cards Transaction Value by Issuer 2020-2024
Table 94 Open Loop Pre-paid Cards Transaction Value by Operator 2020-2024
Table 95 Forecast Pre-paid Cards: Number of Cards in Circulation 2025-2030
Table 96 Forecast Pre-paid Cards Transactions 2025-2030
Table 97 Forecast Pre-paid Cards in Circulation: % Growth 2025-2030
Table 98 Forecast Pre-paid Cards Transactions: % Growth 2025-2030
Table 99 Forecast Closed Loop Pre-paid Cards Transactions 2025-2030
Table 100 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2025-2030
Table 101 Forecast Open Loop Pre-paid Cards Transactions 2025-2030
Table 102 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2025-2030
COUNTRY REPORTS DISCLAIMER
The following categories and subcategories are included:
Financial Cards and Payments
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- ATM Cards
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- Commercial Charge Cards
- Personal Charge Cards
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- Commercial Credit Cards
- Personal Credit Cards
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- Commercial Debit Cards
- Personal Debit Cards
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- Closed Loop Pre-Paid Cards
- Open Loop Pre-Paid Cards
- Store Cards
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- ATM Transactions
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- Commercial Charge Card Transactions
- Personal Charge Card Transactions
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- Commercial Credit Card Transactions
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- Average Personal Credit Card Balance
- Average Personal Credit Card Limit
- Personal Credit Card Utilisation
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- Commercial Debit Card Transactions
- Personal Debit Card Transactions
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- Closed Loop Pre-Paid Card Transactions
- Open Loop Pre-Paid Card Transactions
- Store Card Transactions
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- Commercial Card Payment Transactions
- Commercial Electronic Direct/ACH Transactions
- Commercial Paper Payment Transactions
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- Personal Card Payment Transactions
- Personal Electronic Direct/ACH Transactions
- Personal Paper Payment Transactions
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- Commercial Electronic Direct/ACH Transactions
- Personal Electronic Direct/ACH Transactions
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- Commercial Cash Transactions
- Commercial Other Paper Transactions
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- Personal Cash Transactions
- Personal Other Paper Transactions
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- Mobile Proximity Payments
- Mobile Remote Payments
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Financial Cards and Payments
Payments are tracked based on the country of residence / account issuance and include outbound spend while excluding inbound spend.
See all of our definitions
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This report originates from Passport, our Financial Cards and Payments research and analysis database.
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