The number of payment cards transactions made in online shops, connected with the eCommerce Connect system of payment by Ukrainian Processing Center (UPC), in May 2012 increased by 53% compared to last year's figures for the same period. The number of sites that accept payment via credit cards with the  eCommerce Connect help, for the year increased by 31%. At the same time, their turnover grew more than twice. Nowadays, the number of such sites is 1786.

In May 2012 the average amount of purchases from online stores totaled UAH 305.65 ($ 37.5), which is 51% higher than in May 2011. According to the results of various studies of Ukrainian e-commerce market, Ukrainians are ready to pay online using payment cards, if they are guaranteed a high level of security. The eCommerce Connect system uses a 3D Secure standard of the international payment systems. Experts believe, that the increase the payment cards use on the Internet can be provided by a variety of co-branding program and additional discounts. Besides, payments on the Internet are useful for credit cards owners as such operations are free of bank charge.

Ukrainian Processing Center has been working since 1997 and has become one of the largest companies of the market niche. It cooperates with more than 60 partners among Ukrainian banks and four foreign bank-partners abroad.

Based on the PAYSPACE.COM.UA report