The Central Bank clarified how many bank cards one citizen can open.

“Information circulating on social media regarding the introduction of regulations stating that only one bank card will be issued to an individual is not accurate,” the regulator stated, emphasizing that incorrect data on this matter is being spread in public forums.

According to the Central Bank, the issue of imposing limits on the number of bank cards that can be issued to one individual (one PINFL), including virtual and co-branded cards, is currently under consideration. It is expected that a citizen will be able to open up to 5 cards at one bank and up to 20 across different banks. This measure, aimed at preventing suspicious (fraudulent) activities involving bank cards and reducing the involvement of accounts and bank cards owned by individuals, will be temporary if approved.

It is noted that this regulation will not apply to cards issued in foreign currency.

Data from the Central Bank indicates that currently about 97% of individuals (22 million people) have up to 5 cards, 3% (770 thousand people) have between 5 and 20 cards, and only 0.03% (7 thousand people) have more than 20 cards. An analysis of the number of cards issued in large quantities under individuals' names has revealed that some of these are used for fraudulent purposes, often without the knowledge of their owners.

“The discussed measures will not cause inconveniences for the population when making payments using bank cards. These requirements are aimed at regulating the activities of commercial banks in the issuance of bank cards,” the Central Bank explained.

It is added that the Central Bank will continue to closely monitor the situation in this area.