pc
nid 92222
Apr 23, 2026
arahman@vixio.com
Ukraine
Regulatory Documents
financial services
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1555 charsUkraine's National Bank Approves Changes to Payment Service Provider Rules for Foreign Currency and Precious Metals Transactions
On April 23, 2026, the National Bank of Ukraine (NBU) Board approved Resolution No. 41, which amends the regulations governing how payment service providers execute payment instructions in foreign currency and precious metals (banking metals).
The resolution introduces changes to the procedure for payment service providers when handling foreign currency and precious metals transactions. These amendments establish updated requirements for the execution of payment instructions denominated in foreign currencies and involving banking metals. The changes apply to all entities providing payment services in Ukraine and affect their operational procedures for processing such transactions. The amendments are designed to enhance the regulatory framework governing cross-border and precious metals-related payment activities within the Ukrainian financial services sector.
The amendments come into effect on April 28, 2026, with the exception of subsections 5 and 7 of section 5 of the amendments, which take effect on August 1, 2026. Payment service providers must ensure compliance with the new requirements by the applicable effective dates. The staggered implementation allows providers additional time to align their systems and procedures with the most complex provisions of the updated regulations.
**Reference:**
National Bank of Ukraine Board Resolution No. 41 of April 23, 2026, "On Approval of Amendments to the Regulations on the Procedure for Payment Service Providers to Execute Payment Instructions in Foreign Currency and Banking Metals"
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2011 charsNational Bank of Ukraine Adopts Procedure for Executing Foreign Currency Payments by PSPs
On April 23, 2026, the National Bank of Ukraine (NBU) adopted the Resolution on the Approval of Amendments to the Regulation on the Procedure for Payment Service Providers to Execute Payment Instructions in Foreign Currency and Precious Metals, applicable to banks and payment service providers.
Key points include:
The payer's bank shall execute the payment instruction for compulsory debiting of funds in the national currency, which must include: The name, EDRPOU code or registration number, and account number of the debtor client or correspondent account of the debtor bank in foreign currency from which the funds will be debited. The recipient's account number in the national currency. The amount (in figures and words) and the name of the national currency to be transferred to the recipient's account. In the payment description: the name, date of issuance and number of the court decision of the head of the supervisory authority.
The name, EDRPOU code or registration number, and account number of the debtor client or correspondent account of the debtor bank in foreign currency from which the funds will be debited.
The recipient's account number in the national currency.
The amount (in figures and words) and the name of the national currency to be transferred to the recipient's account.
In the payment description: the name, date of issuance and number of the court decision of the head of the supervisory authority.
The payee's payment service provider is required, after each crediting of funds to the payee's account, to provide the payee with information regarding: The payer's name. First name. The amount of the credited funds. Other information as provided for in its internal documents.
The payer's name.
First name.
The amount of the credited funds.
Other information as provided for in its internal documents.
The resolution comes into effect on April 28, 2026, except for subparagraphs 5 and 7 of paragraph 5 of the amendments, which enter into force on August 1, 2026.