PUMB has become the first bank in Ukraine to receive regulatory authorization from the National Bank of Ukraine within the framework of Open Banking

PUMB has become the first bank in Ukraine to receive regulatory authorization from the National Bank of Ukraine within the framework of Open Banking development.

On March 2, 2026, the NBU Committee on Banking Supervision and Regulation and Payment Infrastructure Oversight adopted a decision to authorize PUMB to provide non-financial payment services and to include the bank in the Register of Payment Infrastructure as a provider of non-financial payment services.

Under this authorization, PUMB has obtained the right to provide payment initiation services and account information services. This marks an important step in the development of Open Banking in Ukraine and in building a new digital infrastructure for financial services.

In practical terms, this means that within the Open Banking model, the bank is now able to initiate payment transactions and access information on clients’ accounts held with other banks. Obtaining this authorization is a crucial milestone for the launch of Open Banking services in Ukraine.

“PUMB acts as a driver of change and innovation in the financial market. We were the first to complete this regulatory stage and are laying the foundation for launching a new digital ecosystem of services for our clients. We thank the National Bank of Ukraine for implementing Open Banking in the country, for its systematic work on developing the regulatory framework, and for its constructive cooperation throughout the authorization process,” emphasized Dmytro Polishchuk, Deputy Chairman of the Management Board for Retail Business at PUMB.

The bank is currently finalizing the legal and technical preparations required to launch the respective services. Upon completion of these stages, PUMB will be able to implement Open Banking capabilities for clients in its mobile application.

After completing the technical phase, PUMB will be ready to launch Open Banking services for both retail and corporate clients.

Background information

Open Banking is a modern model of interaction in the financial market that предусматривает the use of standardized and secure APIs to exchange data between financial institutions with the customer’s consent. This approach has long been operating in European Union countries and has fostered the development of fintech solutions, faster payments, multi-bank account management services, and increased market competition.

For Ukraine, the implementation of Open Banking represents an important step toward integration into the European financial space and the development of a modern financial infrastructure.

In Europe, this model has already become the foundation for the development of new financial services and fintech ecosystems.