Wed, 10 September
30.1 C
Yerevan
USD: 382.95 RUB: 4.60 EUR: 450.04 GEL: 142.25 GBP: 519.82

VTB bank (Armenia) joins MasterCard as acquirer and issuer

YEREVAN, September 28. / ARKA /. VTB Bank (Armenia) said today it has joined the MasterCard international payment system as an Acquirer and Issuer, which will allow it to issue MasterCard cards and service them via its ATM network and also carry out merchant acquiring.

The Bank offers the following multi-currency cards – Cirrus / Maestro, MasterCard Standard and Gold. These cards are accepted by all branches of the bank, its ATMs, retail and POS- terminals of VTB Bank (Armenia) and other banks both in Armenia and abroad.

A MasterCard holder, like holders of other banking cards issued by VTB Bank (Armenia) may have four accounts in Armenian drams, US Dollars, Russian rubles and euros. Money can be added to the accounts through 900 TelCell payment terminals in Yerevan and the regions of Armenia. Cards can be obtained from the 28th of September in all branches of the Bank.

VTB Bank (Armenia) CEO Yuri Gusev was quoted as saying in a press release that joining the international payment system MasterCard reflects the bank’s commitment to promote the development of the internal system of cashless payments in order to increase their share in the total amount of payments for goods and services. MasterCard unites 22,000 financial institutions in 210 countries and has a uniform discount system.

VTB Bank (Armenia) is also a full member of the international payment system VISA International. It has 280,000 Visa card holders, more than any other local bank. VTB Bank (Armenia) is also a serving member of the local Armenian ArCa payment system.

VTB Bank (Armenia) is owned fully by Russian financial group VTB. The Bank runs 67 branches, more than any other local bank in Armenia. -0-

spot_img

POPULAR

3.6% inflation registered in Armenia in August

n the consumer market of Armenia, 12-month inflation in August of this year amounted to 3.6%, according to the report of the National Statistical Committee (NSC) of Armenia.

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.

Market capitalization in August increased by 41.4% year-on-year to 460 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for August 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity.

ArCa payment system reinstated

The Armenian Card (ArCa) payment system has been completely reinstated, according to a report from the company's press service.

Freedom Broker Armenia ranks as one of the largest taxpayer in Armenia

Freedom Broker Armenia has been recognized as one of the largest taxpayers in the country, underscoring its leadership in the investment sector and commitment to sustainable business practices.

LATEST NEWS

spot_imgspot_imgspot_img