VTB BANK (ARMENIA), BEELINE and VISA present co-branded VISA ALLIANCE CARD

YEREVAN, April 3. /ARKA/. Bank VTB (Armenia), ArmenTel Telecommunications Company (trading as Beeline) and Visa presented today in Yerevan a new co-branded Visa Alliance plastic card.
VTB Bank (Armenia) and Beeline customers can apply for debit and credit co-branded Visa Classic Alliance and Visa Gold Alliance plastic cards and join Beeline Bonus program.
“At first glance this new card does not differ from other similar cards. It can be used to make purchases and pay for various services. The difference is tthat it can be used to collect bonuses and exchange them for Beeline’s mobile services”, Artak Khachatryan, director of a VTB Bank (Armenia) department in charge of retail business, said during the presentation.
He said about 20,000 Visa Classic Alliance and Visa Gold Alliance cards will be issued this year.
Cardholders can earn bonus scores by using Visa Classic Alliance and Visa Gold Alliance to pay for goods and services in Armenia and abroad, as well as through Internet. Scores are accumulated on the balance of a Beeline subscriber – one bonus score for every 70 drams.
Irina Kamkhadze, Visa Company’s business development manager for Armenia, Georgia and Moldova said the new cards will give residents of Armenia an opportunity to take advantage of Armenia’s universal banking products and receive bonuses for active use of the cards.
At the end of each month holders of co-branded Visa Classic Alliance and Visa Gold Alliance cards can exchange accumulated bonus points for mobile services of Beeline. Unused bonuses may be accumulated for one year and exchanged for Beeline’s services. ($1-390.95 drams).  -0-

spot_img

POPULAR

Net profit of Armenian credit institutions in the first half of 2026 decreased by 1.5 times to 21 billion drams

The total net profit (after tax) of Armenian credit institutions in the first half of 2026 amounted to 21.02 billion drams, compared to 30.73 billion drams in the first half of 2025 (a decline of 1.46 times, or 31.6%).

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.87 points on August 5, 2026, compared to August 4, to 366.14 drams.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (July 27–31)

Armenia's financial agenda last week was determined by banking sector data, rating decisions, inflation and public debt forecasts, exchange rate dynamics, personnel changes at Byblos Bank Armenia, and expert assessments of the possible impact of restrictions on goods supplies to Russia.

Head of the Union of Banks of Armenia did not rule out consolidation of the Armenian banking market

Daniel Azatyan, Chairman of the Union of Banks of Armenia, believes the current number of commercial banks in the country is optimal, but theoretically allows for market consolidation.

Armenian banks’ loan portfolio in the first half of the year amounted to 8.8 trillion drams, up 11.5% – Union of Banks

The loan portfolio of Armenian banks in the first half of 2026 amounted to 8.8 trillion drams, up 11.5%, reported Daniel Azatyan, head of the Union of Banks of the Republic.

LATEST NEWS

spot_imgspot_imgspot_img