Sun, 27 July
26.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

ArCa payment system used in 2011 to make 446.6 million drams worth transactions

YEREVAN, February 21. / ARKA /. Armenian Card (ArCA) payment system was used in 2011 to make a total of 466.6 million drams worth cashless transactions through ATMs. The figure represented a dramatic rise -31.2 times- from January 2011. The number of cashless transactions rose by 3.6 times.

ArCa payment system was used also in January this year to make 51,442 Internet payments, down by 33.6% from January 2011. The total sum of these transactions exceeded 418.7 million drams, which is 11.8% more from a year earlier. The system was used to make also 5,895 card-to-card money transfers worth 420 million drams, by 52.3% down from a year earlier.

Armenian Card CJSC was established on March 16, 2000 as a united national payment system. Today 19 of Armenia’s 21 commercial banks participate in ArCa payment system. The company is a full member of MasterCard Europe international payment system.  It also processes VISA and American Express (Third Party Processor) cards ($1 – 388.99 drams). -0-

spot_img

POPULAR

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img