From December 1, 2024, the new version of the National Bank of Ukraine's electronic payment system, SEP-4.1, with instant credit transfer functionality (hereinafter – SEP instant transfers), became operational.

The amendments to the Law of Ukraine "On Payment Services," effective as of November 8, 2024, introduced this new payment operation.

Advantages of the new SEP-4.1 version:

• Innovation – the introduction of SEP instant transfers represents the next step in developing Ukraine's payment infrastructure.

• Transparency – clear conditions and opportunities for all SEP participants and their clients.

• Availability – SEP payments are accessible at any time.

How will the updated SEP work?

All SEP participants have switched to the new version of the system, which operates 24 hours a day, 7 days a week. The transition to the new software was successful, and now the SEP instant transfer functionality is available for all participants, including:

• National Bank of Ukraine

• Oschadbank JSC

• CREDIT AGRICOLE BANK JSC

• SKY BANK JSC

• Clearing House JSC

• UKRSIBBANK JSC

• Ukreximbank JSC

• EUROPEAN INDUSTRIAL BANK JSC

• SENSE BANK JSC

• ALTBANK JSC

• Idea Bank JSC