KYIV, May 20 – The National Bank of Ukraine (NBU), as part of the second goal of its strategy "digital finance as a driver of digitalization of the economy," plans to introduce digital money of the NBU (e-hryvnia) by 2025, create a platform for innovative financial solutions (regulatory "sandbox") and reduce the cash to GDP ratio to no more than 7.5% from 12.3% as of 2020.
According to the data published in the NBU strategy on Thursday, as part of the goal of developing a cashless economy by 2025, the NBU also plans to increase the number of devices for accepting electronic means of payment up to 15 devices per 1,000 persons, which is 1.7 times more than as of 2020 (nine devices per 1,000 persons).
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