The National Bank of Ukraine (NBU) has approved a strategy for fintech development in Ukraine until 2025, the regulator announced on July 17.
“The National Bank of Ukraine has approved the strategy for fintech development in Ukraine until 2025 - a step-by-step plan to create a full-fledged FinTech ecosystem in Ukraine with innovative financial services and affordable digital services,”the NBU said.
The main tasks of the strategy are sustainable development of innovation and progress towards a cashless economy and the improvement of financial literacy of consumers and businesses.
The strategy provides for the development of the financial sector in five main areas: strengthening financial stability; promoting macroeconomic development and economic growth; development of financial markets; expanding financial inclusion and the implementation of innovations in the financial sector.