Ukrainians withdraw 43% more cash through PrivatBank in November
Ukrainians began withdrawing more cash from PrivatBank's trading terminals (Photo:Nathan Dumlao \ Unsplash)
Over the past month, Ukrainians withdrew almost 50% more cash through PrivatBank's POS terminals, the press service of the state-owned bank reported on Dec. 8.
Due to power outages in November, Ukrainians cashed out UAH 2.3 billion ($62 million) through PrivatBank's POS terminals at the cash desks of retail outlets, which is 43% more than in October.
Over the past month, almost 1.5 million Ukrainians have used this service, the average amount of cash received is slightly more than UAH 1,500 ($41).
At the same time, due to emergency power outages, the volume of card payments in November was less than in October by 5.1% (UAH 51 billion ($1.4 billion)).
Also in November, Ukrainians paid UAH 3.8 billion ($103 million) for the purchase of electronics and household appliances in the PrivatBank's network of POS terminals. This is 15% more than a month earlier.
The most popular products of the month were power banks and other equipment for autonomous energy supply.
Payments by cards at gas stations in November compared to October increased by 7.6% to UAH 2.7 billion ($73 million), for food — decreased by 9.6% to UAH 22.1 billion ($599 million), for medicines — by 4% to UAH 3.1 billion ($84 million), and for cafes and restaurants — by 12.4% to UAH 3.1 billion ($84 million).
Earlier, PrivatBank increased cash withdrawal limits to UAH 20,000 ($542).
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