Wed, 1 October
15.1 C
Yerevan
USD: 382.52 RUB: 4.64 EUR: 449.38 GEL: 140.57 GBP: 514.03

Areximbank-Gazprombank Group begins issuing MasterCards with chip modules.

YEREVAN, September 3. /ARKA/. Areximbank-Gazprombank Group said today it began issuing MasterCard payment cards with chip modules. A plastic card with a chip-module is a payment card with a built-in microprocessor. Its functionality is much higher than of magnetic stripe cards. It allows storing a larger amount of data and offer also a higher security level.

According to a Bank’s press release, it will issue chip cards of all types without additional fees. In the near future, the Bank will start issuing also chip cards of Visa international payment system.

As of August 1 Areximbank-Gazprombank Group issued 101,416 cards, including 18,604 MasterCards, 80,384 Visa and 2,428 ArCa cards. The bank operates 70 ATMs and 246 POS.
Areximbank-Gazprombank Group (formerly Areximbank, renamed on June 12, 2009) was established in August 1998 for supporting entrepreneurship and serving financial flows between Russia and Armenia. Russia’s Gazprombank has been the sole owner of the bank since 2007.

Areximbank – Gazprombank Group is a member of VISA International and MasterCard International payment systems as well as ArCa local payment system. ($1 – 408,63 drams). -0-

spot_img

POPULAR

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

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

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

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.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img