Thu, 14 August
20.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Mobile payments through HSBCnet amount to $7.6 million in Armenia in Q1

YEREVAN, June 22. /ARKA/. HSBC Bank Armenia clients’ mobile payments through HSBCnet amounted to a total of $7.6 million in the first quarter of this year, the bank’s press office reported.

Since the day when HSBCnet mobile banking was launched at the end of 2014, payment transactions through the app exceeded $12 million indicating the growing interest of corporate clients toward the mobile banking service, says the report.

Number of subscribers for the service is four times as high as the respective average level around the world. In particular, 49% of subscribers use HSBCnet, while only 12% of the subscribers in the world take the advantage of online banking in the world.

HSBCnet app working on both iOS and Android grew very popular especially in Armenia, according to the report.

HSBC Bank Armenia CJSC, a member of HSBC Group, was registered on September 25, 1995. HSBC Europe BV holds 70% of the bank’s shares, and the remaining 30% belong to Wings Establishment. In January 2009, HSBC Bank Armenia became a member of NASDAQ OMX Armenia stock exchange. –0–

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Euro Jumps 1.93 Points to AMD 445.22 as USD drops slightly

The average market exchange rate of the US dollar to the Armenian Dram on August 6, 2025, fell by 0.35 points compared to August 5 and amounted to AMD 383.68.

Market capitalization in July increased by 45.3% year-on-year, exceeding 463 billion drams – Armenia Stock Exchange

Armenia Stock Exchange (AMX) has summarized the trading activity for July 2025. The month showed a dynamic trading environment, highlighting growing investor confidence and market activity. 

Average settlement rate of dram to dollar in July was 1% lower than a year ago

In July 2025, the average settlement rate of the Armenian dram to the US dollar was 384.1 drams, which is 1% lower than the same indicator in June 2024 (388.1 drams).

Armenian Central Bank unveils amendments to law On Combating Money Laundering and Terrorist Financing

On August 8, 2025, the law "On Amendments and Additions to the Law "On Combating Money Laundering and Terrorist Financing" will come into force in Armenia.

LATEST NEWS

spot_imgspot_imgspot_img