Wed, 5 November
6.1 C
Yerevan
USD: 382.55 RUB: 4.74 EUR: 440.12 GEL: 141.19 GBP: 500.15

Yerevan Jur cancels its contract with TANDEM Payments

YEREVAN, June 4. /ARKA/. Yerevan Jur CJSC water-supplying company reported today that it cancelled its contract with TANDEM PAYMENTS payment system because the latter failed to fulfill its contractual obligations.

«The company is informing its clients and consumers about cancellation of the contract on accepting payments for its services via TANDEM PAYMENTS CJSC’s terminals, since the payment company failed to fulfill its contractual obligations, and this led to accumulation of considerable liabilities,» the press office of Yerevan Jur reported on Thursday.

Yerevan Jur urges its clients not to pay their bills via TANDEM PAYMENTS terminals adding that the already made payments are in force.

Yerevan Jur is run by French Veolia Generale des Eaux that won an international tender announced by World Bank to take up a long-term management of the Yerevan network in 2006. It pledged to upgrade the obsolete network and ensure 24-hour water supplies to households. The company manages also drinking and waste water removal systems in Ararat, Aragatsotn and Kotayk provinces. –0–

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Investor of the new era: how the capital management culture is changing in Armenia

Interest in investments in Armenia is growing, but it is too early to talk about an established capital management culture.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img