Wed, 4 February
2.1 C
Yerevan
USD: 378.44 RUB: 4.93 EUR: 446.07 GEL: 140.62 GBP: 516.76

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

Euro ups 3.39 points against Armenian dram

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market on January 29, 2026, increased by 0.24 points compared to January 26, reaching 379.1 drams.

Armenia Ranks Third in Russian Business Account Requests — NSV Consulting

In 2025, Russian business representatives expressed interest in opening accounts in more than 20 foreign jurisdictions.

Net inflow of money transfers to Armenia from abroad increased by 8.6% in 2025

The net inflow of cross-border remittances to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.64 billion in January-December 2025, compared to $1.51 billion in January-December 2024, according to a report from the Central Bank.

Armenia’s Financial System in January 2026: Balancing Monetary Policy, Credit Growth, and Debt Sustainability

In January, Armenia's financial system evolved within the macroeconomic and monetary-credit frameworks previously established. The monetary policy adhered to the parameters set for late 2025, the banking sector continued to enhance credit intermediation, and debt policy remained a priority for financial authorities and investors.

Central Bank of Armenia reduces maximum commission rates for cashless payments

Last week, the Central Bank of Armenia decided to reduce the fees banks charge businesses for cashless payments, Central Bank Governor Martin Galstyan announced.

LATEST NEWS

spot_imgspot_imgspot_img