How the "National Cashback" Program Will Work: Expert Explanation

Anna Dovhalska, Deputy Chairperson of the Management Board of GLOBUS BANK, explained the key features of the state program "National Cashback," which offers partial refunds for purchasing domestically produced goods.

Steps to Participate in the "National Cashback" Program:

1. Open a Special Card: Customers must open a special cashback card at a participating bank and give consent for the transmission of transaction data for purchases made at stores that have joined the program.
2. Update the Diia App: Customers need to update the Diia mobile app, select the "National Cashback" service, and link the special card for future cashback deposits.
3. Receive Cashback: When paying with the designated card, customers will receive a refund of a portion of the purchase price, which will be credited to the special card. Cashback can be spent on purchasing medical products, paying for utilities, mobile services, transport, entertainment (such as cinema and sports), or even donated to the Armed Forces of Ukraine.

Anna Dovhalska mentioned that cashback services provided by banks are already widely popular among customers.

"At present, bank cashback is very popular. This service allows clients to choose categories of goods and services each month for which they can receive a refund of 1% to 5%. In other words, cashback is no longer something extraordinary, but rather an effective loyalty tool and a way to attract new clients," she emphasized.

For potential buyers already interested in cashback for purchases, she recommended selecting a participating bank and opening a special cashback card.

"The bank’s task is to simplify participation in this state program as much as possible. This includes an easy process for opening the special card, transparency, and clear communication to clients about the program," Anna Dovhalska concluded.