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On May 19, 2026, the National Bank of Ukraine (NBU) amended the regulations governing the issuance and acquiring of payment instruments, including payment cards, to enhance transparency in payment operations during the provision of acquiring services. The amendments aim to combat misuse of payment infrastructure in illegal activities, prevent miscoding (the substitution of merchant activity category codes), support economic formalisation, and strengthen consumer protection. The NBU introduced four key changes for financial institutions providing payment acquiring services. First, it expanded mandatory information requirements about payment operations transmitted to card issuers and made available to payment instrument users. For goods, works, and services payments, acquirers must now provide merchant identifiers: the tax identification code (ЄДРПОУ) for legal entities, or the tax registration number or passport details for individual entrepreneurs. For utilities payments, acquirers may use their own ЄДРПОУ code rather than listing each individual supplier, simplifying multi-recipient transactions. Second, the NBU established clear rules for providing acquiring services to individuals. Acquiring services may now be offered to individuals officially registered as volunteers or those with contractual relationships with businesses (such as individuals selling used goods on digital platforms or restaurant staff receiving tips). This formalises existing practices while enhancing transparency and safety. Third, the NBU expanded mandatory receipt information to include merchant details, commission amounts, payment purpose, and merchant category codes (MCC). Fourth, acquirers must disclose their full legal name to payment instrument users before initiating online transactions. These amendments take effect on May 20, 2026, pursuant to National Bank of Ukraine Board Resolution No. 51 of May 14, 2026. Payment market participants must comply with the new requirements within six months of the regulation's effective date.

On May 14, 2026, the National Bank of Ukraine (NBU) adopted the Resolution on the Approval of Amendments to the Regulations on the Procedure for the Issuance and Acquiring of Payment Instruments. Key points include: The NBU requires an acquirer for a payment transaction for goods, works and services to transfer information about each recipient (merchant) to the issuer: 1. About a legal entity: Code according to the Unified State Register of Economic Activities. 2. About an individual entrepreneur: Registration number of the taxpayer registration card of an individual or series and passport numner. 1. About a legal entity: Code according to the Unified State Register of Economic Activities. 2. About an individual entrepreneur: Registration number of the taxpayer registration card of an individual or series and passport numner. An acquirer has the right to indicate its own code according to the Unified State Register of Account in the recipient's information when making payments for housing and communual services, and not each individual supplier. Acquiring services may be provided to an individual who: Has officially registered as a volunteer. Has an established contractual relationship with the business entity with which the acquirer has entered into an acquiring agreement. Has officially registered as a volunteer. Has an established contractual relationship with the business entity with which the acquirer has entered into an acquiring agreement. This resolution comes into force on May 20, 2026.

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Ukraine's National Bank Amends Payment Instrument Issuance and Acquiring Rules

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National Bank of Ukraine Amends Payment Instrument Issuance and Acquiring Rules