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The integration between PrivatBank and Payoneer is now available. It allows faster withdrawal of funds from Payoneer directly in the Privat24 app, as well as its mobile, and web versions. During the year, the number of joint clients of the bank and the platform increased by 13%, and the average amount of funds withdrawn to PrivatBank accounts comes to $410.
Ukraine’s largest bank, PrivatBank, and the international payment platform Payoneer, have expanded their partnership through an integration that makes it even easier to manage funds received on a Payoneer account — directly in the Privat24 app, its mobile, and web versions.
From now on, users will be able to:
- link an existing Payoneer account to the app or sign up for Payoneer;
- have constant access to Payoneer payment data;
- instantly withdraw funds in USD, EUR, and UAH for individuals to an account in PrivatBank.
Lyubov Danylina, Acting CEO of Payoneer in Ukraine, said: “I am glad to note that the opportunities provided by the partnership between Payoneer and PrivatBank are in demand among our joint clients — freelancers, online retailers, IT specialists, and digital entrepreneurs. Thus, in just a year — from January 2021 to January 2022 — their amount increased by 13%, and the average amount of funds transferred to the accounts of PrivatBank in February 2022 amounted to $410. We are starting a new chapter of our fruitful cooperation and launching an integration that will allow for the receival of funds from Payoneer to the bank’s account even faster — directly in the Privat24 app, in its mobile and web versions. This will give our joint clients even more freedom for actions and even more opportunities to develop their business”.
Gerhard Bösch, Chairman of the Board of PrivatBank, added: “Innovation is at the heart of PrivatBank, so I am pleased to announce our integration with Payoneer. This is the next step in our long-term cooperation, which will open many new opportunities for our clients with FOP IT accounts (currently, more than 120,000 clients of PrivatBank are serviced and have an open FOP IT account). In particular, among the advantages, there are special rates for receiving payments for Payoneer customers in PrivatBank. Also, there is 0% commission when crediting payments from a Payoneer account to the “Universal” card in hryvnias, US dollars, and euros. There is no commission for correspondent banks for FOP IT account holders”.
More information about the partnership can be found here.
Payoneer (NASDAQ: PAYO) is the world’s go-to partner for digital commerce, everywhere. From endless payments to endless growth, Payoneer promises any business, in any market, the technology, connections and confidence to participate and flourish in the new global economy.
Since 2005, Payoneer has been inventing and creating a truly global ecosystem so that businesses can realize their potential. From aspiring entrepreneurs in emerging markets to the world’s leading digital brands such as Airbnb, Amazon, Google, Upwork and Walmart, Payoneer offers a universe of opportunities, open to you.
PrivatBank is the largest bank in Ukraine. Almost 18 million Ukrainians use PrivatBank’s services, and there are 13.5 million customers of Privat24’s digital bank. PrivatBank is an innovator and trendsetter in the banking sphere, with the main goal of being a reliable assistant for individuals and businesses while supporting the development of the Ukrainian state’s economy in general. We strive to be the best bank for customers.
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