Tuesday, September 27, 2022

LEO International Payment System intends to increase its share in the payment market in Ukraine to 10% by the end of 2021 according to Alona Shevtsova

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LEO International Payment System represented by LeoGaming Pay monetary firm plans to increase its share in the Ukrainian on-line payment market from the present 8.5% to greater than 10% by the end of this 12 months.  The head of LEO International Payment System and LeoGaming Pay, Alona Shevtsova About instructed about this objective in an interview to the “Business in her way” Women’s Club of the European Business Association (EBA).

It is price noting that she recalled the indisputable fact that the National Bank of Ukraine has included the LEO International Payment System into the listing of necessary payment techniques and system-forming firms of the nation based mostly on the outcomes of monitoring the actions of payment techniques in 2020 and following the established standards of their significance. Currently, LEO International Payment System is amongst the high 5 largest gamers in this market, second solely to such main firms as Novaya Pochta and Ukrposhta.

In addition to launching new companies and steady improvement, the firm can also be implementing a joint program with the Institute of International Relations of Taras Shevchenko National University of Kyiv on internships and subsequent recruitment of college students and graduates of this academic establishment.

“These days, we cooperate with various companies and payment systems around the world, thus, knowledge of foreign languages, the basics of communication and negotiations are the primary requirements for the company’s employees. From my own experience, I know the highest level of training of graduates of the Institute of International Relations, as well as the standards of education. It is an honor for me to return to my native alma mater in the status of a patron of the arts,” mentioned Alona Shevtsova, CEO of LeoGaming.

According to Alona Shevtsova, the pattern of paying with payment playing cards for numerous companies and merchandise, together with on-line video games, utility payments, and different items, has considerably elevated over the previous two years.

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“Visa and Mastercard have done a lot to make cashless (non-cash) payments popular in Ukraine, actively introducing contactless payment solutions in recent years. In addition, the reduction of the interchange rate will also affect the market and the attitude of sellers towards cashless payments. Previously, the rate was at the level of about 2%. However, as a result of signing the memorandum by representatives of the National Bank, Visa, and Mastercard, the interchange fees will gradually decrease to the level of less than 1% in three years. In addition, it will be the same as in European countries,” notes Alona Shevtsova. She provides that according to the outcomes of the first half of 2021, key firms in the phase of payment techniques pay loads of consideration to digital perfection and clearly need to meet the expectations of prospects.

According to her, the firm will proceed to assist charitable tasks in numerous fields, together with joint tasks with the National Institute of Surgery and Transplantation named after O. Shalimov.

The LEO International Payment System consists of 23 contributors, together with 4 business banks (IBOX Bank, ComInBank, Sky Bank, and Concord Bank), in addition to 19 non-bank monetary establishments, reminiscent of Sistema FC (Sistema model), Swift Garant FC (Metropolis24 model), Starmoney FC, Business Retail Group FC, and different business leaders.

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