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Learn moreDec 2020
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The number of credit cards and circulation increased substantially during 2020 as the category became increasingly attractive to significant numbers of Ukrainian consumers. The main reason for the strong growth in interest in credit cards was the adverse economic situation that emerged in the wake of the COVID-19 crisis.
Another factor spurring growth in the number of credit cards in circulation as well as credit card transactions value and volume during 2020 was the increasingly attractive special offers that credit cardholders have access to. Most of the leading issuers of credit cards in Ukraine seek to remain competitive by regularly advertising attractive promotions and cashback offers.
2020 saw monobank, Ukraine’s first mobile-only bank, record very strong growth in the number of its credit cards in circulation. At the start of the year, the innovative bank’s credit card portfolio was among the smallest in the country.
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Discover the latest market trends and uncover sources of future market growth for the Credit Card Transactions industry in Ukraine with research from Euromonitor's team of in-country analysts.
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If you're in the Credit Card Transactions industry in Ukraine, our research will save you time and money while empowering you to make informed, profitable decisions.
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Euromonitor’s industry reports, including Credit Card Transactions in Ukraine, originate from our database within our Consumer Finance market share and market size database
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.