Wed, 23 July
29.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

Armenian MobiDram joins contact remittance system

YEREVAN, August 21, /ARKA/. CONTACT payment system has announced the joining of a new partner in Armenia – cjsc Mobi Dram which will offer through its branches in Yerevan money remittances, according to a statement on RUSSLAVBANK official webpage.

Mobi Dram’s customers can now make cross-border money transfers via CONTACT system in 100 countries and in Armenia in Russian rubles, U.S. dollars and euros.

Commission for remittances through CONTACT system to Russia and neighboring countries are from 0.65 to 1.3% depending on the amount. The maximum transfer amount is set at 350 thousand rubles or 10 thousand US dollars / euros.

CONTACT system offers also free sms-notifications on the status of the money transfer. The money can be paid in any point of the system in the territory of the country.

“Establishing partnership with Mobi Dram will expand the presence of CONTACT system in Yerevan, where at present there are 251 service points. Their number in the country is more than 1200,’ Svetlana Frolova, Vice President RUSSLAVBANK (JSC), the operator of the payment systems, was quoted as saying.

‘Now even more customers in Armenia will appreciate flexible rates, high quality service and a set of additional services of CONTACT system’, she said. -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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

Armenian Market: Acceleration of Economic Activity is Positive for the Market

In the period from June 16 to June 30, 2025, the Armenian stock market demonstrated mixed dynamics.

LATEST NEWS

spot_imgspot_imgspot_img