LiqPay is a Ukrainian payment system developed by PrivatBank in 2008 that allows for instant money transfers and payments for goods and services via the Internet. The system supports Visa, MasterCard, UnionPay and Prostir cards, which makes it accessible to users from different countries.

The main principle of LiqPay is to associate a virtual account with the user's mobile phone number. This allows making payments without the need for registration, using only a phone number. Users can replenish their accounts, transfer funds to other users, pay for utilities, recharge their mobile phones, and make other financial transactions.

Among the advantages of LiqPay are a quick start without complicated registration, a high level of security thanks to one-time passwords for confirming transactions, no fees for moving funds within the system, and low withdrawal fees. In addition, the system allows you to keep savings in several currencies — hryvnia, dollar, and euro - and supports international transfers.

For businesses, LiqPay offers online acquiring, which allows accepting payments on websites and in mobile applications. The system also supports payment via QR codes and invoicing via messengers, which makes it convenient for various fields of activity.