Armenia’s payment and settlement systems best in CIS – head of Central Bank

Banks
Артур Джавадян
Артур Джавадян

YEREVAN, May 27. /ARKA/. Armenia’s payment and settlement systems are the best in the CIS, head of the Central Bank of Armenia Artur Javadyan said on Monday.

‘It is now ten years we have been dealing with electronic transfers, and all these transfers are processed through CBANet system in our banks’, Javadyan said at a meeting on 2013 budget execution in the parliament.

Javadyan said Armenia was the first to introduce e-transfers in the Commonwealth of Independent States.

‘We have improved it now, and Russia intends to apply similar system based on our system’, the head of the Central Bank said.

The second settlement system, ArCa card scheme, is also considered the best in CIS.

There are six companies processing money transfers and three companies offering payment tools and one company dealing with e-money in Armenia today, Javadyan said. –0—

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