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

Moody’s Affirms Armenia’s Rating at Ba3 and Improves Outlook to Positive

The international rating agency Moody's Ratings has revised the outlook on Armenia's sovereign rating from stable to positive, affirming its long-term issuer ratings in both local and foreign currencies at Ba3.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.18 points on July 28, 2026, compared to July 27, to 366.54 drams.

It is now possible to register in Unibank’s mobile application through imID as well

Unibank continues to expand its digital service capabilities by offering customers another convenient option for registering in the UNIMobile application.

World Bank does not see significant risks in Armenia’s public debt rising to 50% of GDP

Armenia's public debt could increase to approximately 50% of GDP by the end of 2026, but the World Bank does not view this level as a significant threat to the country's macroeconomic stability, said Armine Manukyan, Senior Economist at the World Bank.

VTB (Armenia): “Stable” Deposit – Up to 10% Per annum and Opening via Mobile App

Retail clients of VTB (Armenia) can open a "Stable" deposit at a rate of up to 10% per annum when deposited in the national currency for a term of 12 months.

LATEST NEWS

spot_imgspot_imgspot_img