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nid 92625
May 19, 2026
arahman@vixio.com
Ukraine
National Bank of Ukraine (NBU)
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1495 charsUkraine's National Bank Imposes Fine on UKRPOSHTA for Payment Services Violations
On May 19, 2026, the National Bank of Ukraine (NBU) imposed an administrative fine of 1,700,000 Ukrainian hryvnia on joint-stock company UKRPOSHTA (registration number 21560045) for violations of payment market legislation. The NBU's Committee on Banking Supervision and Regulation and Payment Infrastructure Oversight adopted this enforcement measure on May 18, 2026.
The fine was imposed because UKRPOSHTA, operating as a financial payment services provider, failed to ensure proper functioning of its corporate governance system, internal control system, and risk management framework. The NBU identified these violations following remote supervision of UKRPOSHTA's activities and an inspection conducted as of November 1, 2025. The breaches contravened the Law of Ukraine "On Payment Services" and the Requirements for the Management System of Financial Payment Services Providers, established by the NBU Board Resolution No. 123 dated October 10, 2024, as amended.
UKRPOSHTA must remit the fine within five business days of receiving the Committee's decision. This enforcement action reflects the NBU's commitment to ensuring compliance with payment services regulations and maintaining robust governance and risk management standards among financial payment services providers operating in Ukraine's payment market.
REFERENCES:
National Bank of Ukraine. "До АТ "УКРПОШТА" застосовано захід впливу." May 19, 2026. https://www.bank.gov.ua/news/all/do-at-ukrposhta-zastosovano-zahid-vplivu
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1054 charsNational Bank of Ukraine Imposes UAH1.7m Fine on UKRPOSHTA for Governance Failures
On May 19, 2026, the National Bank of Ukraine (NBU) announced the imposition of an administrative fine of UAH1.7m (approximately €33,116) on UKRPOSHTA for violations of payment market legislation. The NBU's Committee on Banking Supervision and Regulation and Payment Infrastructure Oversight adopted this enforcement measure on May 18, 2026.
The fine was imposed because UKRPOSHTA, operating as a financial payment services provider, was found to have failed to ensure proper functioning of its corporate governance system, internal control system and risk management framework. The NBU identified these violations following remote supervision of UKRPOSHTA's activities and an inspection conducted as of November 1, 2025. The breaches contravened the Law of Ukraine "On Payment Services" and the Requirements for the Management System of Financial Payment Services Providers, established by the NBU Board Resolution No. 123 dated October 10, 2024, as amended.
UKRPOSHTA must pay the fine within five business days of receiving the committee's decision.