Areximbank – Gazprombank Group launch VISA paywave in Armenia

YEREVAN, February 28. /ARKA/. Areximbank – Gazprombank Group and Visa have launched Visa payWave contactless payments in Armenia. The first contactless transaction was effected in Moskvishka supermarket Thursday, through the only terminal of the bank accepting Visa payWave cards today, according to the report.

This service is introduced for the first time in Armenia, deputy general director of the bank Ruben Khachatryan said. In 2002 the bank became a full member of Visa and started servicing cards for the first time in Armenia. Areximbank was also the first to introduce e-commerce services, Khachatryan said adding the bank has been always using modern technologies to improve quality of its services.

The bank is planning to issue Visa payWave contactless cards in the next two months to enable its clients paying for goods and services quickly and easily. Right now only tourists and guests already possessing Visa payWave cards from foreign banks can take the advantage of the service, he said.

The contactless technology is available in over 50 countries, including Russia, Kazkastan, Ukraine and Belarus, Visa regional manager for Caucasus Irina Kamkhadze said. Joint efforts of Areximbank and Visa have made the service is available in Armenia as well, she said. Quality, speed, convenience and reliability are the advantages of contactless transactions, Kamkhadze said.

Areximbank – Gazprombank Group was founded in 1998 to handle financial flows between Russia and Armenia. It is now owned by Russian Gazprombank. Bank has been successfully certified for compliance with international requirements of ISO 9001: 2008. It runs 16 branches, 7 of which are located in Yerevan and 9 in the regions. Visa Inc.is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards and debit cards.–0–

spot_img

POPULAR

IDBank Introduces the New Mastercard World Card with Exclusive Travel Benefits and a Special Launch Campaign

IDBank has expanded its card portfolio with the new Mastercard World card, created for those who value convenience not only in their everyday purchases but also while traveling.

Dollar and euro exchange rates against the Armenian dram rose, while the ruble weakened: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, increased by 1.03 points on August 4, 2026, compared to August 3, to 367.01 drams.

4.5% Inflation Recorded in Armenia in July

Twelve-month inflation in the Armenian consumer market in July of this year was 4.5%, according to a report from the Statistical Committee.

Moody’s Raises Acba Bank Rating Outlook

Moody's, the international rating agency, simultaneously raised the outlook on Armenia's sovereign credit rating and changed the outlook on Acba Bank's Ba3 long-term deposit and issuer ratings from "stable" to "positive."

Capital of Armenian credit institutions increased by 2.82% in the first half of 2026 compared to the beginning of the year, exceeding 467 billion...

The total capital of Armenian credit institutions in the first half of 2026 amounted to 467.14 billion drams, an increase of 1.99% compared to the end of the first quarter and 2.82% compared to the beginning of the current year.

LATEST NEWS

spot_imgspot_imgspot_img