Plastic cards were used in Q3 to make 4.9 million transactions worth 263 billion drams: Armenian Central Bank

YEREVAN, December 14. / ARKA /. In the 3rd quarter of 2012 all types of plastic cards were used in Armenia to make 4.9 million transactions worth 263 billion drams, the Central Bank of Armenia said.

According to it, cashless transactions amounted to 23.1 billion drams, a 38 percent increase when compared to third quarter of 2011, or 9% of all transactions made by use of plastic cards.
The total number of circulated cards stood at 1.2 million, having grown by 6 percent or 70,000 pieces from the second quarter of 2012.

The amount of transactions made through Internet rose to 5 billion drams, including 1.1 billion drams worth e-trade. The amount of card-to-card transfers rose to 4 billion drams.

ArCa cards were used in the third quarter of 2012 to make 1,745,716 transactions worth 72.7 billion drams. The amount of transactions grew year-on-year by 16% or 9.9 billion drams and the number of transactions rose by 13 percent or 200,000.

VISA cards were used to make 2,042,084 transactions worth 128.5 billion drams, a 66% rise (51.2 billion drams) year-on-year.

MasterCards were used in the third quarter of 2012 to make 874,553 transactions worth 43.6 billion drams, a 46% increase over the same time span in 2011. Other plastic cards were used to make 271,557 transactions worth 18.2 billion drams,  a 0.7 billion drams rise from a year before.

According to the Central Bank, the number of active ArCa cards in the third quarter of 2012 increased by 4% or 18,000 to  454,000. The number of international cards grew by 7% (52,000), including VISA cards by  9%  (41,000) and  MasterCards by а 4% (9,000). ($1 – 405.89 drams). -0-

spot_img

POPULAR

EDB and Armenian Ministry of Finance signed an agreement on provision of technical assistance

An agreement between the Armenian Ministry of Finance and the Eurasian Development Bank (EDB) on the "Provision of Technical Assistance" was signed in Yerevan during a meeting between Minister of Finance Vahe Hovhannisyan and Chairman of the EDB Board of Directors Nikolay Podguzov.

Armenia to Receive €120 Million Loan and €15 Million Grant from KfW Bank for Power Grid Connection with Georgia

At a meeting on Thursday, the Armenian government approved the signing of a €120 million loan agreement with the German bank KfW for the "Caucasus Transmission Network - NIF" project to connect the power systems of Armenia and Georgia. Additionally, a €15 million grant agreement with KfW was approved for the "EU Caucasus Transmission Network - NIF. Phase II" project.

EBRD stands ready to support Armenia in implementing reforms and programs

YEREVAN, March 10. /ARKA/. The European Bank for Reconstruction...

Maximum insurance compensation limits in Armenia’s compulsory motor third-party liability insurance (CMTPLI) system will increase starting April 1

Amendments to the rules of the compulsory motor third-party liability insurance (CMTPLI) system will come into effect in Armenia on April 1, 2026, providing for an increase in maximum insurance payout limits, according to the Bureau of Motor Insurers of Armenia.

Central Bank of Armenia: Sustainable and Sustainability-Linked Bond Market in Early Stages of Development

In its 2025 Sustainability Report, the Central Bank of Armenia notes that the sustainable and sustainability-linked bond market in the country is in its early stages of development.

LATEST NEWS

spot_imgspot_imgspot_img