Thu, 2 October
15.1 C
Yerevan
USD: 382.74 RUB: 4.68 EUR: 448.80 GEL: 140.69 GBP: 515.63

Penetration rate of payment cards about 90% and of credit cards only 17% in Russia

YEREVAN, April 25. /ARKA/. Penetration rate of payment cards is currently about 90%, while consumers’ use of credit cards is 17% only, president of Russian GE Money Bank Holger Laubenthal said in his interview to Banks.ru.

Banks started offering more complicated products, it means financial literacy is growing, Laubenthal said. Yet, according to the banker, the current level of financial literacy is not sufficient and banks should offer more simple products and should use responsible lending practice.

The banker said it is extremely important that banks help borrowers avoid overdue payments and provide all the required information about price parameters. –0–

spot_img

POPULAR

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

“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.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

LATEST NEWS

spot_imgspot_imgspot_img