Open Banking in Ukraine has been implemented in accordance with Ukrainian law and European standards governing payment services and the protection of users’ financial data.

The legal basis for the operation of Open Banking is the Law of Ukraine “On Payment Services,” which implements the provisions of the European PSD2 (Payment Services Directive 2) and establishes a regulatory framework for the development of modern financial services and the secure exchange of financial data via APIs.

The official launch of Open Banking in Ukraine took place on August 1, 2025, in accordance with the regulatory requirements of the National Bank of Ukraine.

Key Legal and Regulatory Bases

• Law of Ukraine “On Payment Services”;
• Resolution of the NBU Board No. 80 “On Approval of the Regulations on Open Banking in Ukraine”;
• Open Banking Concept of the National Bank of Ukraine;
• European PSD2 Directive (Payment Services Directive 2);
• regulatory acts of the NBU in the field of payment services and information security.

Step 1

You choose a service or app from a third-party payment provider (TPP)—for example, a financial app, payment platform, or expense tracking service that supports Open Banking.

Step 2

The service requests your permission to access account information, view your balance and transaction history, or initiate a payment from your account.

Step 3

To confirm your consent, you are automatically redirected to the secure environment of JSC “CREDITWEST BANK”, where you can review the details of the request.

Step 4

You complete the authentication process and confirm access using security measures and Strong Customer Authentication (SCA), independently determining the scope and duration of the permission granted.

Step 5

After confirming your consent, the service will have access strictly within the limits of the permissions you have granted and in accordance with legal requirements and Open Banking security standards. You can revoke access at any time.