Master Card: Amount Of Noncash Transactions In Growing In CIS

YEREVAN, March 14. /ARKA/. Total amount of noncash transactions in the Commonwealth of Independent States has grown a great deal for a few years, Nina Willems, Regional Director of MasterCard international payment system, said Monday at a news conference in Yerevan.

She said that considerable trend of growth is seen in recent years – non-cash deals grew 10% in 2010, compared with 2009. She said that MasterCard would issue press release with figures soon.

Willems also said that the number of MasterCard holders in Armenia had grown and that the share of MasterCard in Armenian market is quite big, but added that it is not so easy to compete with other systems in Armenia, since ArCa national payment system has own clients. –0—

spot_img

POPULAR

Euro, dollar, and ruble exchange rates against the Armenian dram continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.06 points on September 8, 2026, compared to September 7, to 363.64 drams.

Deposits in Armenian commercial banks at the end of July amounted to approximately 8.3 trillion drams

Deposits in commercial banks in Armenia at the end of July 2026 amounted to 8,289,634 million drams, compared to 8,070,715 million drams in June. This is according to data from the Statistical Committee of the Republic.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.15 points on September 7, 2026, compared to September 4, to 363.7 drams.

Armenian investment company assets have grown approximately sixfold since 2021, exceeding 400 billion drams: Dimension Investments CEO

Armenian investment company assets have grown approximately sixfold since 2021, from 67 billion drams to over 400 billion drams, said Grigor Harutyunyan, CEO of Dimension Investments.

Armenia’s capital market still lags behind the economy’s real potential: Cube Invest CEO

The depth of Armenia's capital market still lags behind the country's real economic potential, said Mikael Margaryan, CEO of the investment company Cube Invest.

LATEST NEWS

spot_imgspot_imgspot_img