The UAPAY company successfully passed authorization and received a license from the NBU, which allows it to continue its activities as a payment institution. The new license was necessary in connection with the new conditions for obtaining a license by non-banking institutions operating in the field of providing financial payment services, the old licenses will cease to be valid from May 1, 2023.
In August 2022, the new Law “On Payment Services” entered into force, which improves the Ukrainian financial market and brings its legal regulation closer to European legislation. Companies wishing to continue their work must undergo authorization, the order of the procedure is determined by the Regulation approved by the Resolution of the Board of the NBU No. 217 of October 7, 2022.
For its part, UAPAY complied with all conditions for obtaining a new license, successfully passed authorization from the National Bank of Ukraine and continues its activities.
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