Ukrainians who register for the National Cashback card actually agree to the disclosure of their payment transactions and banking data. According to the terms of the agreement, clients grant banks permission to disclose information about their payment transactions, in particular regarding current accounts and possible future accounts, to third parties specified in the resolutions of the Cabinet of Ministers of Ukraine.
It should be noted that access to payment data is necessary for cashback accrual. According to the Ministry of Economy, this information is not stored or transferred further, but is used exclusively for the purposes of cashback accrual. However, this situation raises questions about the security and transparency of the process.
The protection of banking secrecy has become an important topic in society, as Ukrainians are often faced with the need to transfer personal data in exchange for various bonuses or discounts. However, can such a requirement be considered legitimate? Will it not become a precedent for a deeper invasion of citizens' privacy?
So far, the authorities have assured that this information will not be transferred to third parties, except for those specified by law. However, as some experts point out, opening access to payment data could have negative consequences in the event of unauthorized access or misuse of the information.
