Privatbank has teamed up with US-based prepaid product and transaction services firm InComm to introduce prepaid products in Ukraine.

The collaboration will enable customers to buy prepaid codes and instantly top up their or anyone else's account without incurring any additional fees.

Now, the bank’s customers can purchase prepaid codes through the web version of Privat24, while the purchase of prepaid codes through the PrivatBank mobile application will be available in August 2016.

PrivatBank head of e-commerce department Olga Khudik said: “Together with InComm, we are opening the opportunity to the more than 45 million Ukrainians to use one of the world's most popular services.

“The purchase of the prepaid codes through PrivatBank guarantees the payment security and authenticity of the codes for our customers."

InComm International executive vice president and general manager Frank Monaco said: “We are pleased to have taken the first step in our strategic partnership with PrivatBank to supply prepaid codes to their customers in Ukraine.”