PrivatBank rolls out prepaid products in Ukraine

Wednesday 24 August 2016 08:47 CET | News

PrivatBank has partnered with InComm, a prepaid product and transaction services company, to launch prepaid products to its customers in Ukraine.

The strategic partnership will enable Ukrainian customers the opportunity to purchase prepaid codes and immediately top up their or anyone else’s account without incurring any additional fees.

PrivatBank customers can purchase prepaid codes through the web version of Privat24. The purchase of prepaid codes through the PrivatBank mobile application will be available in August 2016. Account funds can be used to add credit to video chat and voice call applications. The two companies plan to expand the product line in the future.
PrivatBank is one of the eight largest banks in Eastern Europe providing services for more than 25 million clients.

According to GFK Ukraine research of banking services for individuals, as of the end of Q4 2015, 48.4% of customers of Ukrainian banks used PrivatBank services and more than every third Ukrainian (39.3% of respondents) considered PrivatBank as their main bank. At the moment, over 10 million customers use PrivatBanks online banking platform, Privat24; and over 5.5 million clients use its mobile version.

InComm provides connectivity to a variety of service providers that allow consumers to conduct everyday business at more than 500,000 points of retail distribution.  

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: PrivatBank, InComm, prepaid products, Ukraine, Privat24, transaction fee, mobile banking
Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
This article is part of category

Banking & Fintech


Google Research: more malware for corporate inbox

Published 21 Feb 2017 13:45 CET | World
Google Research team has analysed over one billion emails that passed through Gmail and concluded that corporate email addresses are 4.3 times more likely to receive malware compared to personal accounts....

Sogexia rolls out new online banking service

Published 16 Dec 2016 13:11 CET | World
Sogexia has announced the launching of new online banking services with the first 100% digital payment account for consumers and businesses....

UK needs more warehouse space for growing ecommerce

Published 07 Dec 2016 10:59 CET | World
According to a new report from Addleshaw Goddard, a law firm, UK warehouse space needs more than 18 million square feet to keep pace with online retail, parcel delivery and logistics companies....

NBAD, Federal Bank partner for mobile remittance service in India

Published 22 May 2012 11:25 CET | World
UAE-based financial institution the National Bank of Abu Dhabi (NBAD) has entered an agreement with Indian financial institution Federal Bank to launch a mobile remittance service which allows UAE customers to transfer funds to banks in India, online media outlet reports....

Tieto to cut a further 620 jobs

Published 08 Apr 2009 14:40 CET | World
Finnish IT services provider Tieto is set to start personnel adjustments for its European operations, and is expected to lay off around 620 positions from its 16,700 staff....

Credit card processors have a long way to go until gaining US small businesses confidence - study

Published 29 Aug 2008 16:24 CET | World
Many US small businesses have shown distrust or lack of loyalty to their credit card processor which provides merchant accounts, according to a study. Among the reasons that justify this situation, small companies have cited hidden costs and fees, high costs, poor customer service as well as unexpected growth in rates....