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–

spot_img

POPULAR

Central Bank of Armenia named five key factors influencing inflation

In an interview with CivilNet, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, listed five factors influencing inflation in the country.

Strong banks’ capital and liquidity positions mitigate risks to Armenia’s financial stability – Fitch

Risks to financial stability in Armenia are mitigated by banks' strong capital and liquidity positions, according to the international ratings agency Fitch Ratings.

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

IDBank warns of scam calls impersonating pension funds

There is a growing risk of scam calls targeting the most vulnerable category of citizens -pensioners.

Institutional Trust and Portfolio Diversification: Renshin LLC Bonds Debut on the AMX

A major milestone in the institutional alignment of Armenia’s financial and real sectors was recorded on July 8, as bonds issued by Renshin LLC—a leading real estate developer—were officially listed on the Armenian Securities Exchange (AMX).

LATEST NEWS

spot_imgspot_imgspot_img