NBU Introduces Stricter Payment Rules
· WOWERI
The National Bank of Ukraine has introduced new rules for card payments. Acquirers must document each recipient and reduce the number of intermediaries to one link.
New Payment Rules
The National Bank of Ukraine (NBU) has introduced new rules for card payments. Acquirers must document each recipient and reduce the number of intermediaries to one link. These changes aim to increase the transparency and security of payments. The NBU also introduces mandatory identification of merchants.
Impact on Business
The new rules may affect businesses that use card payments. Companies should review their contracts with acquirers and merchants to ensure compliance with the new rules.
What to Do
Businesses are advised to review their payment systems and ensure compliance with the new rules. It is also recommended to consult with a lawyer or an expert in payment systems.
What to do next
Source: biz.ligazakon.net