Mon, 17 March
19.1 C
Yerevan
USD: 392.34 RUB: 4.68 EUR: 427.93 GEL: 141.48 GBP: 508.94
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Areximbank-Gazprombank Group first to use Visa payWave contactless cards

YEREVAN, May 13. /ARKA/.  Areximbank-Gazprombank Group closed joint stock company has become the first Armenian bank to accept and issue contactless Visa payWave plastic cards, the bank’s press office reported.

Visa payWave is an almost instantaneous payment technology that requires customers to simply wave their card in front of the reader. No pincode is required for payments of up to 10,000 drams.

The technology is currently available only in some 23 sales centers in the Armenian capital, but the number will be increased in future, the press office of the bank said.

Areximbank – Gazprombank Group was founded in 1998. The bank is a 100 percent subsidiary of Russian Gazprombank. –0–

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Dollar and Euro exchange rates against Armenian dram fell

The average market exchange rate of the US dollar to the Armenian dram, as of March 14, 2025, stood at 391.74 drams, reflecting a decrease of 1 point compared to March 13.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Preferential registration for the FINTECH360conference is available until March 15

Taking place in April 2025 in Yerevan, FINTECH360 will bring together over 200 participants, including leading experts from the banking and payments industry, top IT executives, and fintech startups.

USD and RUB depreciate against Armenian dram, EUR – rises

The average market exchange rate of the US dollar to the Armenian dram on March 12, 2025, made AMD 393.42, down 0.62 points compared to March 11.

Euro down 2.15 points to AMD 426.91

The average market exchange rate of the US dollar to the Armenian dram on March 13, 2025, totaled 392.74 drams, down 0.68 points compared to March 12.

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