The total amount of money transfers within Ukraine, made through money transfer systems, in January—June 2021 amounted to 166 billion UAH (more than 388 million transfers), which is 40% more than in the first half of 2020.
According to the press service of the National Bank, the average amount of transfers reached 427 UAH (last year it was 360 UAH). Almost all transfers were made through funds transfer systems created by residents (99.98%).
Money transfers to and from Ukraine in the first half of 2021
In the first half of the year, 3.68 million transfers worth $1.47 billion in equivalent were sent through the transfer systems to Ukraine, which is almost 24% more than last year. The average amount of one transfer increased by 7%—from $374 to $400.
As for the transfers from Ukraine, there were 530,000 of them in the amount of $290 million in equivalent. The average amount of one transfer from Ukraine increased from $462 to $546.
Leadership in cross-border transfers belongs to the systems created by non-residents. 88.68% of transfers to Ukraine and 97.1% from Ukraine were made through them.
"Ukraine remains a recipient country for cross-border transfers. During the first half of 2021, the amount of funds received in Ukraine using international money transfer systems is five times higher than the amount of funds sent outside of Ukraine," the message says.
Top 5 countries Ukraine received the most funds from:
- USA (19%),
- Israel (13%),
- Italy (12%),
- Russia (7%),
- Germany (6%).
Top 3 countries Ukrainians sent money to:
Most of the funds from abroad were sent to the city of Kyiv, Dnepropetrovsk and Lviv regions, and they were sent abroad from the city of Kyiv, Dnepropetrovsk and Odesa regions.
The National Bank also informed that, according to preliminary estimates, in the first half of 2021, the volume of private transfers to Ukraine by traditional and informal channels from abroad amounted to $6.2 billion (almost 24% through transfer systems), and from Ukraine—$482 million (60% through transfer system).