Some 70 ATMs in demand in Armenia every year

YEREVAN, March 25. /ARKA/. Some 70 ATMs are in demand in Armenia every year, Igor Kudrin, executive director of Lanit Russian company’s banking technologies division, said at a press conference on Thursday.

He said that the company exports ATMs to Armenia and sees a high demand for them here. Kudrin said that the Russian company cooperates with some Armenian banks.

He thinks there is room for establishing cooperation also with other banks in Armenia. In particular, he said there is room for installing ATMs, POS-terminals, video control systems and other new generation devises.

He said that the company’s Diebold ATMs have a five-cassette dispenser, which, if fully-loaded, let banks save up to 20% of resources.

“Diebold company improved software in 2009 to ensure 100-percent security and bar other people from penetrating in the software,” Kudrin said.

More than that – all the provided parts of ATMs meet security requirements, especially cardreader-а ATMs and client keyboards.

It means ATMs are fully secured.

Some 580 ATMs functioned in Armenian ArCa payment system as of Jan 1, 2010. The system can increase their number to 3,000.

LANIT Holding, (laboratory of new information technologies), is the largest Russian company. It started operating on IT market in 1989.

The company engages in distribution, system integration and training of IT specialists. LANIT is official representative of Diebold, ATM-producing company, in Russia and Commonwealth of Independent States.-0—

spot_img

POPULAR

Central Bank of Armenia warns of fraudulent schemes involving bank accounts

YEREVAN, August 17. /ARKA/. Recently, there has been an increase in cases of criminals luring citizens into suspicious financial transactions using their bank accounts or cryptocurrency accounts, as well as e-wallets or cards to transfer criminally obtained funds, in order to conceal their true origin and beneficiaries, according to a statement from the Central Bank of Armenia's press service.

Armenian dram strengthens against US dollar and weakens against euro and ruble

YEREVAN, August 21. /ARKA/. The average market exchange rate of the US dollar to the Armenian dram on the Armenian foreign exchange market on August 21, 2026, fell by 0.1 point to 365.16 drams compared to August 20.

“AGROVISION” CJSC’s bonds were listed on Armenia Stock Exchange

YEREVAN, August 17. /ARKA/.  Today, “AGROVISION” CJSC, a company operating in the agro-industrial sector, became a listed company on the Armenia Stock Exchange (AMX).

Acba Bank has issued over 1 million cards, solidifying its leadership in Armenia

YEREVAN, August 17. /ARKA/. For more than five years, Acba Bank has held the top spot in the Armenian card market. As of May 2026, the total number of cards issued by the bank surpassed 1 million, as reported by the bank's press service.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (August 10-16)

YEREVAN, August 17. /ARKA/. Armenia's financial agenda last week focused on setting up payment and cryptocurrency infrastructure, capital market activity, and the parameters of the next stage of universal health insurance.

LATEST NEWS

spot_imgspot_imgspot_img