08/08/2025
Open banking to be implemented in Ukraine: what it entails.
As part of the open banking rollout, the National Bank of Ukraine (NBU) has approved the Regulation on Open Banking in Ukraine (hereinafter – the Regulation).
The Regulation on Open Banking in Ukraine was approved by the NBU Board Resolution No. 80 dated 25 July 2025 and entered into force on 1 August.
What is open banking
Open banking provides for the secure and structured exchange of data between payment service providers via specialized interfaces (APIs), which are transmitted exclusively with the user’s consent for the purpose of obtaining information from the user’s account (balance, transaction history) and initiating a payment transaction.
The regulator explained that implementing open banking in Ukraine will foster fintech development, promote innovation in the payments sector, enhance competition, and, as a result, improve the quality of existing and create new payment services and products. Moreover, it will ensure compliance with requirements related to Ukraine’s accession to SEPA and EU membership.
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