Ukrainians can already pay for a range of things, including a ride on the Kyiv metro, with a wave of a smartphone or tablet through the Apple Pay or Google Pay systems.
Now those two systems are to be joined by eight new local cashless software programs, including one called E-Receipt, on the list permitted monetary transaction systems in the country, Ukraine’s State Fiscal Service said in a press release issued on April 10
E-Receipt allows both counterparties to download a fiscal receipt through an app without the use of a printed check – a form of payment that in recent years has become popular, especially among mom-and-pop businesses in the West. According to the fiscal state agency, E-Receipt is available on all platforms including computers, smartphones and tablets.
The State Fiscal Service also said business entities can now perform both business operations and file accounting information through the E-Receipt software.
The agency said such operations are free of charge, which would boost the use of cashless payment methods. Registration of the system can be completed in less than a day – compared to the three to five business days needed for paperwork for cash registers and payment terminals.
The new software will be operated in test mode until Dec. 31, 2019, with the State Fiscal Service inviting everyone to install it. Based on the test results, Ukraine’s Finance Ministry will decide whether to further promote the mass use of the innovative payment methods.
In October, the fiscal agency simplified the registration process for cash registers, and canceled the requirement to add receipts into accounting books on a daily basis.
As of May 2017, all appliance distributers must use cash registers. The fine for not using a cash register is set at Hr 1.
