The press service of the regulator reported this.
This type of payment operation is stipulated by amendments to the Law of Ukraine "On Payment Services," which came into effect on November 8, 2024.
“During this payment operation, funds are instantly credited from the payer's account to the recipient's account. The maximum time for completing an instant credit transfer is measured in seconds (no more than 10 seconds). The payment service provider is obliged to promptly and free of charge notify the recipient about the crediting of funds through the instant credit transfer, as well as inform the payer about the completion of such an operation,” the message states.
It is noted that the payment service provider must ensure the capability of processing instant credit transfers every day, 24 hours a day.
The relevant features of executing instant credit transfers by payment service providers are proposed to be defined in the Instruction on cashless settlements in the national currency for payment service users, approved by the resolution of the Board of the National Bank of Ukraine dated 29.07.2022 No. 163 (as amended).