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The National Bank of Ukraine (NBU) has approved a comprehensive package of regulations to implement open banking in Ukraine, supporting the country's efforts to align with the EU.
The new framework, which will take effect from August 1, 2025, sets out rules for secure data sharing between banks, fintechs and other payment service providers (PSPs) via application programme interfaces (APIs), with user consent.
According to the NBU, account servicing payment service providers (ASPSPs) must comply with the regulation within five months of the implementation date.
The central bank approved three core regulations on July 25, 2025, under Resolutions No. 80, 81 and 82, to support the roll-out of open banking.
These measures define how banks and third-party providers will be required to operate in the new ecosystem, and are designed to bring Ukraine into alignment with EU standards.
In a related move, the NBU has also published a draft resolution to amend its oversight framework for payment infrastructure.
The proposed changes are intended to expand the central bank’s monitoring powers, clarify regulatory expectations, and guarantee alignment with recent legislative reforms.
The draft is open for public consultation until August 14, 2025.
Positive alignment
The new open banking rules, which had been expected as Ukraine continues its path towards EU membership, provide fintechs with the tools, access and legal clarity needed to innovate, grow and compete both locally and across EU markets.
The adoption of open banking regulations in the style of the second Payment Services Directive (PSD2) brings Ukraine closer to European regulatory standards and strengthens its case for joining the Single European Payments Area (SEPA).
It is also a major step in modernising Ukraine’s financial infrastructure, and could pave the way for more competition in its payments market
By aligning with the EU’s PSD2, Ukraine is establishing regulatory compatibility with the broader European fintech ecosystem, which significantly lowers the barriers to cross-border cooperation.
Ukrainian fintechs should find it easier to enter EU markets, and EU-based providers may find it simpler to expand into Ukraine.
Shared standards for APIs, customer data access and security protocols will go some way to reducing technical and regulatory friction, making it easier to integrate services and operate across the two jurisdictions.
