TITLE: Ukraine's National Bank Amends Authentication Requirements for Payment Market Participants BODY: On May 7, 2026, the National Bank of Ukraine (NBU) Board adopted Resolution No. 50, which amends the Regulation on Authentication and the Application of Strong Authentication on the Payment Market. The resolution introduces changes to the existing authentication framework governing payment market participants in Ukraine. The amendments to the regulation establish updated requirements for authentication procedures and the implementation of strong authentication mechanisms across the payment sector. These modifications are intended to enhance security standards and protect payment system users from fraud and unauthorised transactions. The updated regulation applies to all entities operating on Ukraine's payment market, including payment service providers, credit institutions, and other authorised payment market participants that handle customer authentication and payment processing activities. The amended regulation came into effect on May 7, 2026. Payment market participants should review the resolution to ensure compliance with the new authentication requirements and implement any necessary operational or technical changes to their authentication systems and procedures. The full text of Resolution No. 50 is available on the National Bank of Ukraine's official website.

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