Tue, 15 July
26.1 C
Yerevan
USD: 383.74 RUB: 4.93 EUR: 450.05 GEL: 141.25 GBP: 521.81

ARCA payment system issues 34,011 new plastic cards in August

YEREVAN, September 18 / ARKA /. Armenian Card (ArCA) payment system issued 34,011 new plastic cards in August 201, by 40% more from the same month a year earlier, the company said in a press release.

More specifically, it issued 15,203 ArCa cards, by 68% more from a year before, 9,983 Visa cards- by 67.8% more from a year before and 8,915 MasterCards, a drop of 3.5%.

The total number of active cards, which could be used to make transactions in August exceeded 920,000, a 36.7% increase compared to August 2011. Some 607,507 cards were used to make transactions in the reporting period, up from 433,424 in the same period last year, of which 323,075 were ArCa cards (an increase of 29.8%), 151,815 were Visa cards (an increase of 35%) and 136,616 were MasterCards (an increase of 185.5%).

The company also said that the proportion of active plastic cards, which were used to make transactions, was 66%.

The 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

Armenia approves grant agreement with ADB for $6 million seismic safety improvement program

The Armenian government approved a $6 million grant agreement between the Republic of Armenia and the Asian Development Bank (ADB) on a seismic safety improvement program at a meeting on Thursday.

Armenian government approved an agreement with the EIB for 50 million euros for the infrastructure development of Syunik

At a meeting on Thursday, the Armenian government approved a proposal to sign a financial agreement with the European Investment Bank (EIB) “Armenia - Sustainable Syunik Program, Special Investment Window 1 EFSD+” for 50 million euros.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Euro rises by 0.94 drams against Armenian dram

The average market exchange rate of the US dollar against the Armenian dram as of July 10, 2025, dropped by 0.08 points compared to July 9 and amounted to 383.74 drams.

In Armenia, bad loans worth over $1 million have been written off under the state support program – Ministry of Social Affairs

14,757 applications for writing off bad loans have been received in Armenia within the framework of the relevant state support program, which started on February 1, 2025.

LATEST NEWS

spot_imgspot_imgspot_img