Wed, 2 July
20.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Some 145.7 billion drams worth transactions made in Q 1 by using plastic cards: Central Bank

YEREVAN, June 3. / ARKA /. The Central Bank of Armenia (CBA) said some 145.7 billion drams worth transactions (about 2.9 million transactions) were made in the first three months of 2011 by using plastic cards, by 39 billion drams more from the same time span of 2010, while the number of transactions increased by 26% or 592,166.

According to CBA figures, the amount of cashless operations grew by 7.9% year-on-year to 11.6 billion drams, 7.9% of all card-made transactions. The volume of transactions made via Internet was 2.4 billion drams including 0.5 billion drams worth e-trading.

The CBA said also 48 billion drams worth transactions (1,227,235 transactions) were made by using ArCa cards, by 9.5% or 4 billion drams more if compared to the same period of time in 2010 while the number of transactions increased by 8.8% or 99,060. The volume of transactions made by using VISA plastic cards rose by 54% (21 billion drams) year-on-year to 60 billion drams (955,134 transactions). The volume of transactions made by using

MasterCard surged by 46% or 6.8 billion drams to 21.5 billion drams (453,269 transactions). The volume of transactions made by using other cards grew by 7 billion drams (258,189 transactions) to 16 billion drams.

The CBA said also the number of  ArCa cards grew by 4% to 318,216, while the number of international plastic cards grew by 8.5% (by 35,892 cards). Particularly, the number of VISA cards rose by 10% (by 27,096) to 296,865 cards. The number of MasterCard grew by 9% (10,842) to 126,785 and the number of other international plastic cards contracted by 5% (2,046). Of 21 commercial banks in Armenia providing and servicing plastic cards 19 were members of single ArCa payment system ($1 – 375,97 drams). -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Average AMD/USD exchange rate in March was 1.9% lower than a year ago

In March 2025, the average AMD/USD exchange rate was 392.8, which is 1.9% lower than in March 2024 (400.4 AMD), the National Statistical Committee reports.

Central Bank of Armenia refrains from forecasting the exchange rate of dram for 2025

The Chairman of the Central Bank of Armenia Martin Galstyan declined today forecasts on the exchange rate of the national currency , the dram, against the US dollar for the next year and did not comment on the impact of the recent fluctuations of the Russian ruble.   

Finance Minister: Armenia has no problems with public debt management

The government of Armenia does not have serious problems with managing the public debt,  Finance Minister Vahe Hovhannisyan said today in response to ARKA News Agency's about  about how manageable the debt is and what the main risks associated with it are.

LATEST NEWS

spot_imgspot_imgspot_img