Mon, 7 July
19.1 C
Yerevan
USD: 384.26 RUB: 4.88 EUR: 452.58 GEL: 141.37 GBP: 524.44

Russia and Armenia sign agreement on mutual servicing of national payments systems cards

YEREVAN, June 3. /ARKA/. Russia and Armenia have signed an agreement today on mutual servicing of cards of their national payments systems Mir (Russia) and ArCa (Armenia).
The agreement was signed by the Russian National System of Payment Cards, the operator of the Russian payment system Mir and Armenian Card, the operator of ArCa cards.

The sides are expected to set up a joint working group to coordinate organizational and technological interaction, the Russian National System of Payment Cards said in a press release.

“Mir payment system is now focused not only on the development of the network in Russia but also abroad. Armenia is a very important partner for us, with which we are now beginning a very important project,” Vladimir Komlev, the director of the Russian National System of Payment Cards is quoted as saying in the press release.

The first banks to issue the Mir card were Gazprombank, MDM Bank, Moscow Industrial Bank, RNCB Bank, Rossiya Bank, Sviaz-Bank and SMP Bank.

The Mir payment system’s basic functionality includes cash deposits and withdrawals, goods and services payments, as well as card-to-card money transfers.

The Mir card payment system was created by the Russian Central Bank to cut reliance on US-based firms Visa and MasterCard. Both companies cut ties with a number of Russian banks subject to US sanctions in 2014. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Central Bank invalidated banking license of Ardshininvestbank due to its merger with Ardshinbank

The Board of the Central Bank of Armenia has revoked the banking license of Ardshininvestbank CJSC (formerly HSBC Bank Armenia CJSC) following its merger with Ardshinbank CJSC.

Average annual exchange rate of Armenian dram to US dollar  projected at 402 drams in 2025 – EDB

The value of the Armenian dram will decrease slightly in 2025, and its average annual exchange rate to the US dollar is projected at 402 drams in 2025, according to the Eurasian Development Bank’s (EDB)   macroeconomic forecast for 2025-2027.

Unibank’s “Haghtanak” branch serves clients from 9:30 am to 7:30 pm

Unibank branch “Haghtanak” has switched to a new operating mode - extended hours. Now clients can receive a full range of banking services from Monday to Friday - from 9:30 am to 7:30 pm.The branch is located at N94, 62 Komitas, Yerevan. 

Acba Bank donates amd 130 million to Military Insurance Fund (video)

Acba bank and other members of the financial group - ACBA Leasing and Amundi-ACBA - have donated more than AMD 130 million to Armenia's Military Insurance Fund in recent months, the press service of the bank reported

LATEST NEWS

spot_imgspot_imgspot_img