Tue, 1 July
18.1 C
Yerevan
USD: 384.47 RUB: 4.90 EUR: 450.83 GEL: 141.25 GBP: 526.80

VTB Bank (Armenia) launches modern and safe online shopping service

YEREVAN, February 22. /ARKA/. VTB Bank (Armenia) said today it has launched a modern and safe online shopping service designed for holders of its Visa cards.

“Beginning from February 22, 2017, online purchases made by holders of VTB Bank (Armenia) Visa cards will be secured with high degree protection thanks to 3D Secure technology, which allows to authorize card holder at the time of payment,’ the Russian-owned bank said in a press release, adding that cardholders will have to enter one-time password they will receive from the bank via SMS at the time of purchase.

According to the press release, the use of 3D Secure technology provides cardholders with a number of advantages such as security (online purchases are confirmed by one-time passwords, which are available only to cardholders (sent via SMS to the mobile number of card holders) and are valid only for a single purchase, and also simplicity and convenience (to make a payment the customer enters a six-digit number on the online payment screen received on their mobile phone).

The bank explained that the 3D Secure technology is effective only for online stores that support this particular service, otherwise the payment will be executed without entering one-time password.

“Nevertheless, even in this case the holders of VTB Bank (Armenia) cards will be provided with an additional safety measure, reducing the likelihood of fraud to zero”, the press release said.

VTB Bank (Armenia) was entirely acquired by Russian VTB Group in 2004. It runs 67 branches across Armenia. -0-

spot_img

POPULAR

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img