Tue, 12 August
28.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

VTB Bank (Armenia) and Visa announce another promotion campaign to spur cashless payments

YEREVAN, November 21. / ARKA /. The Yerevan-based VTB Bank (Armenia) and Visa have announced another special promotion campaign called “Winter with VTB”, designed to boost cashless payments.

According to a bank’s press release,  the campaign participants can win a variety of prizes. All holders of Visa cards issued by VTB Bank (Armenia), as well as customers who will purchase a Visa card during the promotion campaign will be entitled to participate.

To become eligible the cardholders will have to use their cards to pay for purchase of goods and services  in a time span from 20th of November 2016 to 20th of February, 2017. The cards can be used both in the territory of Armenia and abroad  to pay for goods and services, including online purchases (except for municipal and other non-cash transactions made through ATMs).

The prizes – 10 certificates for purchase of household appliances, as well as the grand prize, a Hyundai Solaris car- will be raffled among  participants who will make the 50 largest non-cash transactions and 50 non-cash transactions.

VTB Bank (Armenia) was acquired  by Russian VTB Group in 2004. It runs 67 branches across Armenia. -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.

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. 

Armenian Central Bank  developing mechanisms for insurance and combating financial fraud

Armenia's Central Bank is developing a set of tools to combat financial and cyber fraud, the deputy chairman of the Central Bank Armen Nurbekyan said at a press conference on Tuesday.

Net inflow of money transfers to Armenia from abroad decreased by 1.3% in half-year

The net inflow of cross-border transfers in favor of individuals in Armenia, received from abroad through the banking system of the Republic of Armenia, in January-June 2025 amounted to $587.6 million against $595.4 million in January-June 2024, according to the report of the Central Bank of the Republic.

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).

LATEST NEWS

spot_imgspot_imgspot_img