Thu, 24 July
30.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

ArCA cards use din July to make 64.2 billion drams worth transactions

YEREVAN, August 21. /ARKA/. The total amount of transactions made through Armenian Card (ArCA) payment system in 2012 July exceeded 62.2 billion drams, showing a 21 percent increase from the same month in 2011, the company told ARKA news agency in a press release.

Overall, more than 1.3 billion transactions were made, by 13 percent more from 2011 July.

Plastic cards issued by ArCa members, including Mastercards and Visa cards, were used to make
1,239,466 transactions worth 59.7 billion drams, a 20 percent rise from the previous month of June.

Visa cards issued by non-members were used to make about 4,900 transactions worth 2.7 billion drams, a 32 percent rise over the same month in 2011, while MasterCards were used to make 22,336 transactions worth 1.7 billion drams, a 45 percent growth.

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 – 410,97 drams). -0-

spot_img

POPULAR

Euro falls by 2.8 points against Armenian dram, meanwhile, US dollar and ruble decline slightly

As of July 16, 2025, the average market exchange rate of the U.S. dollar against the Armenian dram fell by 0.16 points compared to July 15, amounting to 383.96 drams.

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.

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.

Armenia and EIB sign financial agreement for Resilient Syunik Program worth €50 million

A financial agreement for the Armenia-Sustainable Syunik Program has been signed in Luxembourg by Armenian Minister of Finance Vahe Hovhannisyan and Vice President of the European Investment Bank (EIB) Teresa Czerwińska.

US dollar rises slightly against Armenian dram, euro and ruble fall

The average market exchange rate of the US dollar against the Armenian dram as of July 17, 2025, rose by 0.16 points compared to July 16 and amounted to 384.12 drams.

LATEST NEWS

spot_imgspot_imgspot_img