As a result of the pandemic grew, remittances to Ukraine from abroad – expert

Вследствие пандемии выросли денежные переводы в Украину из-за границы - эксперт

In March there was a significant increase in the number and amount of online transfers from abroad from Ukrainian workers.

About it the correspondent of UKRINFORM reported Manager business development online international money transfer service TransferGo in Ukraine Anastasia Fomenko.

“In March this year, the number of remittances to Ukraine (in the service TransferGo – ed.) increased by 24% compared with February. The number of registrations of Ukrainian Internet users increased by 30%, and the volume of money transfers to Ukraine increased by more than 30% and reached 30 million euros”, – said Fomenko.

According to her, most of remittances in Ukraine in the system of TransferGo implemented from Poland, followed by Hungary, Germany and the Czech Republic.

“Remittances in Ukraine in March compared to the previous month, from Poland increased by 36%, from Hungary – 49%, Czech Republic – 33%, Germany 10%,” – said the Manager.

As noted Fomenko, on the global scale, the popularity of cash transfers is rapidly growing, and results of operations TransferGo confirm this trend. In particular, the total volume of transactions in the system of the online service in March of this year, compared with the same period of 2019, increased by 45%. Meanwhile, the growth of remittances to Ukraine was significantly above the average for the company: last year the volume of transactions increased by 100%, the volume of registrations Ukrainian speaking audience by 74%, cash flow – 110%.

According to Fomenko, the increasing number and volume of transfers over the past few weeks caused by the suspension of international passenger traffic, which was largely used for the delivery of cash to Ukraine, and temporary cessation of the epidemic Сovid-19 working points of the transfer of funds.

Manager TransferGo also said that the company actively stimulates the growth of customers through bonus programs. In particular, another reason for the increase in the number of Ukrainian customers in the online service she called the launch of the program “Invite a friend”, which provides for the payment of bonuses in the amount of 300 UAH for new service users and those who recommend their.

Service TransferGo (available through both the website and mobile app) provides online translations in 55 countries. Just 2019, the company had 1.9 million users. Among them 500 thousand citizens of Ukraine, mostly migrant workers in Europe.

Company TransferGo was founded in 2012 in the UK with headquarters in London. Work in Ukraine from 2017.