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"<!-- wp:paragraph -->\n<p>American\nventure funds became interested in the Ukrainian fintech sector after the\nbright and unbelievable success of Monobank. In addition, they are also\ninterested in the Ukrainian financial market and fintech startups, so we can\nexpect new announcements and deals in this industry in 2021. All these statements\nwere made during an interview at Voice of America by LeoGaming CEO Alona\nShevtsova. Together with the management of the Association of Ukrainian Banks\n(AUB) she held a number of working meetings in the United States with local\ncompanies, financiers, and foundations.&nbsp; </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>As a\nresult of these meetings, AUB and LeoGaming announced the official launch of\nthe internship program for Ukrainian specialists provided by the Open World\nLeadership Center (the US Congress), as well as the launch of a separate LeoGaming\nprogram together with their American colleagues. More details about the second\nprogram will be announced later.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"American\nventure funds became interested in Ukrainian fintech sector after the success\nof Monobank. By the end of 2020, the product offered by the bank without\nclassic branches and offices managed to reach 3.2 million customers, while\nhaving 66% of active cards. Therefore, the bank plans to achieve the level of 5\nmillion customers in 2021, which looks more than real. Monobank used only the local\nUkrainian capital, which is something to be proud of. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>In\naddition, there are many other success stories in different niches of the\nfinancial market in Ukraine. For example, iBox, EasySoft, as well as Sistema,\nand City24 networks are the leaders of the payment terminals market. They not\nonly allow people to pay for different services but participate in the cashless\ntransformation, by creating a unique source of replenishment of bank cards in\ncash. Another important thing is the active development of mobile money by the\nthree largest mobile carriers, because they provide a non-cash and non-bank\nalternative for customers,\" Alona Shevtsova told Voice of America. </p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>The\nexpert also told the audience about the modern trend. According to her,\nUkrainians are massively switching to payments on the Internet, while the\npayment by using funds from the mobile balance is also steadily growing. Her\nthoughts are confirmed by the statistics of international payment systems: the\ngrowth of online payments reached 45% in 2020. Moreover, the share of card\npayments in offline stores is also growing. It is worth noting that 46% of all\ncontactless payments in offline stores are made using a smartphone or other\npayment device.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\"Besides,\nMastercard and Visa support these trends, which were accelerated by the\ncoronavirus pandemic. They actively work with market participants to develop\nnon-cash payments. This is the main reason why international payment systems\nhave become the main driver of the development of the cashless economy in\nrecent years,\" concludes Alona Shevtsova.</p>\n<!-- /wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>We\nwould like to remind the audience that already in November 2020, the CEO of\nLeoGaming Alona Shevtsova was nominated for the title of fintech expert of the\nyear by PaySpace Magazine Awards 2020. </p>\n<!-- /wp:paragraph -->"
<https://getwakefield.com/leogaming-ceo-alona-shevtsova-venture-funds-in-the-us-and-the-capital-from-ukraine-are-showing-increasing-interest-in-the-ukrainian-fintech-sector/>