PrivatBank enhances mobile banking functionality, allowing companies to pay wages via app

The updated functionality of the mobile banking app allows users to not only to view and sign already created payroll statements, as before, but also to create new statements and make payments, PrivatBank reported.

"Paying salaries through PrivatBank, clients have the opportunity to make transfers around the clock and in a matter of minutes," the statement reads.

“Crediting salaries with one statement to PrivatBank cards and cards of other banks eliminates the additional work of creating several statements if employees want to receive salaries from different banks. A separate line of accountant support consultants is available to help resolve payroll issues.”

More than half of Ukrainian businesses currently pay salaries to their employees through PrivatBank, said the bank’s press service.

Popular Ukrainian online bank Monobank earlier launched a digital cash register service for individual entrepreneurs.