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

Yerevan’s budget revenues for the first four months amounted to 31.6 billion drams, with a 111.2% performance rate

From January to April 2026, the Yerevan budget actually received 31.6 billion drams of its planned 28.5 billion drams in revenues, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

IDBank was the strategic partner of the “Women in Leadership Forum & Awards 2026”

IDBank was the strategic partner of the “Women in Leadership Forum & Awards 2026” an event that brought together successful women leaders from various industries and professional fields.

Inflation in Armenia rose in April amid tensions due to the Middle East conflict and in supply chains – WB

Inflation in Armenia continued to rise in April amid tensions due to the Middle East conflict and in supply chains, according to the World Bank's "Armenia Monthly Economic Update – May 2026."

Deposits in Armenian commercial banks exceeded 7.5 trillion drams at the end of March

Deposits in commercial banks in Armenia at the end of March 2026 amounted to 7,581,163 million drams, compared to 7,418,404 million drams in February. This is according to data from the Statistical Committee.

Euro to Armenian dram exchange rate continued to decline, while the dollar and ruble rose: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 14, 2026, rose by 0.15 points compared to May 13, to 368.78 drams.

LATEST NEWS

spot_imgspot_imgspot_img