The National Bank of Ukraine is changing the information rules for online payments and card operations. The new requirements are aimed at making it clearer who receives the payment and through which financial institution the transaction is processed.
For payments for goods, works and services, the acquirer must transmit merchant data to the card issuer. For legal entities, this means the business registration code. For individual entrepreneurs, the required identifier is the taxpayer registration number or passport data in cases allowed by law.
Utility payments get a practical exception
For housing and utility payments, the acquirer may indicate its own business code instead of listing each separate provider. This is designed to keep one-operation payments to several utility providers technically simpler while still preserving traceability.
The regulator expects the changes to reduce miscoding risks and misuse of payment infrastructure. Better merchant identification also helps users understand where their money goes when one payment is split among several recipients.
Receipts become more informative
The list of mandatory receipt details is also expanding. Receipts should include recipient data, commission amount, payment purpose and the recipient activity category code. These details strengthen user protection and make payment records more useful for both consumers and businesses.
In internet transactions, the acquirer must inform the user of its full name before the payment is initiated. For Ukrainian e-commerce, banks and payment services, the update means more transparent transaction chains, fewer classification errors and stronger user confidence in digital payments.
