Earlier this month, the European Banking Authority (EBA) made calls for access to basic payment accounts. The support for the Ukrainian people falls in line with Bitsafe’s continued efforts for financial inclusion. “Once there is money in the Bitsafe account, the free debit card allows them to immediately engage in transactions and start buying food, clothing and other necessary products and services which we all deem to be a normal necessity to live and work in the European Union.” “We have launched a special website, in the Ukrainian language, to cater for the Ukrainians who are residing here in Europe,” stated Leif K. Ukrainians will also need an active email address and a form of ID to complete the process. Ukraine nationals can set up their Bitsafe account through their mobile devices with a camera to complete an ID verification check. The customer onboarding process of Bitsafe minimises customer friction, taking “only a few minutes” to set up an account. Dutch fintech Bitsafe is opening its services to displaced Ukrainians residing in the European Union as a result of the ongoing Russo-Ukrainian conflict.īitsafe allows Ukrainians to open an account with them free of charge, which enables receiving and sending funds worldwide, standard ATM withdrawals, and SEPA (Single Euro Payments Area) transfers.
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