Since 2012, Transpays platform and proprietary bank network have enabled businesses to send payouts to recipients and businesses in more than 120 countries and 60+ currencies. Now, with the availability of Ukraine, Transpay’s business clients have a payment method to send funds same-day, directly into PrivatBank’s 17 million account holders.
According to market research from GFK, 49% of Ukrainian depositors entrust their savings to PrivatBank and PrivatBank’s vast footprint includes 2,500 branches, 7,500 ATMs and 12,200 self-service kiosks. The need for same-day payments to Ukraine continues to grow as the country has become a hub of freelance talent.
Specialising in software development, ecommerce and IT, Ukraine’s tech industry is worth about USD 5 billion and Ukrainian freelancers earned USD 61 million in 2014, according to Upwork.
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