Mon, 8 September
24.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

ArCa and NSPC to issue joint payment cards

YEREVAN, MAY 10. /ARCH/. The Armenian Card (ArCa) payment system and h the Russian National System of Payment Cards (NSPC), which is the operator of the Mir payment card are preparing to issue joint cards in Armenia, RNS reported citing the Central Bank of Armenia.

A Central Bank official was quoted as saying that the joint project suggests the mutual acceptance of cards of the national payment systems – ArCa cards in Russia and Mir cards in Armenia. As part of the project the payment systems plan to issue joint ArCa-Mir cards.

According to the representative, all 15 banks which are members of the ArCa system have the technical possibility of issuing joint cards.

Two banks will issue joint cards as part of a pilot project according to their business plans. Currently, 17 banks operate in Armenia.

In early March, the deputy chairman of the Bank of Russia, Olga Skorobogatova, told in an interview with RNS that the acceptance of Mir cards in Armenia will be possible before the end of 2017. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

LATEST NEWS

spot_imgspot_imgspot_img