Tue, 1 July
18.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

Transactions Via ArCa payment system in 2012 December grew by 40 percent from November to 84.5 billion drams

YEREVAN, January 24, /ARKA/. The total amount of transactions made through Armenian Card (ArCA) payment system in 2012 December grew by almost 40 percent from November to 84.5 billion drams, the company told ARKA in a press release. It said overall more than 1,604,540 transactions were made, by 27 percent more than in November.

Plastic cards issued by ArCa members, including Mastercards and Visa cards, were used to make 1, 540, 347 transactions worth 80.8 billion drams, a 41.9 percent rise from the previous month. Visa cards issued by non-members were used to make about 47,787 transactions worth 2.4 billion drams, a 10.6 percent rise over the previous month, while MasterCards were used to make 16,406 transactions worth 1.2 billion drams, a 13 percent fall from the previous month.

The average transactions amount was 52.600 drams, the amount of a cash transaction was about 56,900 drams and a non-cash transaction was 31,900 drams.

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 with ArCa, ArCa Debit, ArCa Classic, ArCa Gold, ArCa Business, ArCa Affinity, ArCa Co-branded, ArCa Platinum, as ArCa pensioner cards.

The company is a full member of MasterCard Europe international payment system. It also processes VISA and American Express (Third Party Processor) cards. ($1 – 405.44 drams). -0-

spot_img

POPULAR

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img