FOR INDIVIDUALS
Open Banking
A secure way to manage your financial data
About Open Banking
Open Banking is when you decide who to grant access to your financial data and in what format. You have complete control. With your consent, fintech companies and payment services will be able to access your accounts through standardised API interfaces. In Ukraine, Open Banking is being implemented in accordance with the rules established by the National Bank and in line with international standards, similar to the European PSD2 system.
Advantages
Everything is under control – your accounts are gathered in one place.
Convenience – quick access, payments in a few clicks, no unnecessary transitions.
Personalisation – services offer solutions tailored specifically to you.
Transparency – you can see and control who has access to your data.
Innovation – open banking stimulates the creation of new convenient fintech solutions.
Open banking involves the exchange of data between companies that service accounts (ASPSPs) and companies that provide other payment services (PISPs/AISPs).
Everything happens only with your consent and within the scope of specific purposes: to view your balance and transaction history, or to make payments.
How it works
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Download the NovaPay app and get everything you need for convenient banking 😉
NovaPay Open Banking API
Still have questions?
Additional information
Compensation for losses and cooperation with providers in the event of erroneous, rejected, or unauthorised payment transactions
If a payment initiated via a third-party provider (payment service provider) turns out to be erroneous, unauthorised, or the result of fraud, NovaPay will contact the provider and conduct an internal investigation.
To clarify the circumstances, we may request additional documents from the provider. They are obliged to respond within 5 working days. If, for any reason, they are unable to do so within this timeframe, they must notify us and specify a new deadline.
If the decision regarding the refund is made in favour of the user, we will refund the money and resolve the issue with the provider ourselves.
If the investigation finds that the transaction was carried out due to the provider’s fault, NovaPay is entitled to claim compensation from the provider.
Communication between NovaPay and the provider takes place via the ‘VCHASNO’ service or by email, as well as through direct negotiations. This is set out in the ‘Regulations on the Organisation of Open Banking at NovaPay LLC’.
API availability and performance statistics will be available from 01.10.2026
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