Mon, 30 June
21.1 C
Yerevan
USD: 384.32 RUB: 4.89 EUR: 450.23 GEL: 141.11 GBP: 527.56

Card transactions hike to 1,274.8 bln in Armenia in 2014

YEREVAN, March 17. /ARKA/. Total volume of all card transactions in Armenia amounted to 1,274.8 billion drams in 2014, an increase of 26.2% compared to the year before, the website of the Central Bank of Armenia reports.

Number of card transactions during the year totaled 24,822,723 (21% increase compared to 2013).
Local ArCa cards were used to effect a total of 7,492,928 transactions for 347.6 billion drams in 2014, an increase of 23.4% compared to 2013.

Number of VISA card transactions was 10,903,282 during the year with the total amount at 596.1 billion drams. As compared with 2013, the amount of transactions went up by 26.3%.

A total of 5,065,481 card transactions through MasterCard were affected worth a total of 249.1 billion drams in the period, which is an increase of 38.3% compared to 2013.

Number of transactions through other cards was 1,361,032 in the period, worth a total of 81.9 billion drams, 7.9% growth against 2013.

According to the central bank, total number of plastic cards was 1,624,057 as of the end of 2014 (4% growth), of them 546,509 were ArCa cards (3.2% decline), 712,211 were VISA cards (9.1% growth), 320,653 were MasterCard (7% growth) and 44,684 were other cards (2.9% reduction).

Plastic cards are issued and service by 19 commercial banks operating in the territory of Armenia, all 19 as members of ArCa payment system. ($1 – 480.85 drams). —0—

spot_img

POPULAR

ADB lowers Armenia’s economic growth forecast for 2025 to 5%, 4.7% expected in 2026

The Asian Development Bank has lowered Armenia's economic growth forecast for 2025 to 5%, said Don Lambert, ADB Country Director for Armenia.

Armenia’s top 5 banks by asset size for Q3 2023

According to ARKA news agency's quarterly bulletin 'Banks of Armenia,' the top 5 commercial banks of Armenia by asset size as of 30.09.2023 were Ardshinbank, Ameriabank,  Armbusinessbank, Acba Bank and Inecobank

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

ADB forecasts inflation in Armenia at 3% in 2025 and 2.8% in 2026

The Asian Development Bank (ADB) forecasts inflation in Armenia at 3% in 2025, said Don Lambert, Director of the Bank’s Resident Mission in Armenia.

Byblos Bank Armenia becomes CaseKey strategic partner

Byblos Bank Armenia has become the strategic partner of the CaseKey Business Case Competition, emphasizing the importance of continuous investment in promising educational programs.

LATEST NEWS

spot_imgspot_imgspot_img