1st June 2016

PrivatBank welcomes PayPal’s entrance to the Ukrainian market

The biggest Ukrainian bank PrivatBank welcomes the possible entrance of international payment service PayPal to the Ukrainian market and supports the efforts of state authorities and the banking community to further promote market availability for global electronic services. Full-featured operation of PayPal will significantly simplify international settlements in Ukraine and become a driving force for services and e-commerce development partnering foreign customers.

“Obviously, the entrance of international electronic payment systems to the market will contribute to Ukrainian economic development. - remarked PrivatBank’s press service. - It is an additional opportunity for Ukrainian freelancers and IT-specialists, which are a significant driver of Ukrainian exports, to receive their remuneration”.

Today, PrivatBank offers the most advanced technologies for settling with foreign clients, including managing international currency transfers from abroad including money transfers from freelance platforms (Upwork (ELANCE), Freelancer, Freelancehunt, Envato Studio, etc.), international companies, Ukrainian partners and money withdrawal via WebMoney, SKRILL, LiqPay and QIWI.

Today the bank is combining its efforts with international companies Payoneer, TransferWise and Transpay to significantly reduce fees for companies and employees for receiving payments.

Banking services are available to freelancers 24/7 in Privat24 Internet bank. Opening a foreign currency account and its maintenance are free of charge. Freelancers are also able to send invoices and statements to clients 24/7 via Privat24. A special support line for freelancers is available by email: freelancer@privatbank.ua or by phone (092) 900 00 04.

PrivatBank Press Center

+380 92 716-08-81