Tue, 29 April
14.1 C
Yerevan
USD: 389.45 RUB: 4.78 EUR: 443.12 GEL: 141.62 GBP: 521.16
spot_img

VTB Bank (Armenia) launches new generation of modernized pos-terminals

YEREVAN, June 21. /ARKA/. VTB Bank (Armenia) has put into operation a new generation of technologically modernized POS-terminals and special auxiliaries that enable customers to make contactless payments for purchase of goods and services without having to enter their PIN-codes, thus simplifying the payment process as much as possible.

According to a Bank’s press release, to make an instant cashless payment customers should simply tap their cards against a contactless enabled terminal. Thus, this technology enables clients to make payments as quickly, easily and safely as possible in any trade outlet equipped with VTB Bank (Armenia) POS-terminal. The list of trade outlets is here.

If the transaction amount does not exceed 10,000 Armenian drams, there is no need to tap the card through the terminal, enter the PIN-code and sign the payment receipt , which further simplifies the payment process.

VTB Bank (Armenia) has created all the necessary prerequisites for the development of non-cash payments, simplifying the life of both cardholders and owners of trade outlets.

Earlier, in August 2017 the bank launched its first contactless cards. Today, due to increased customer demand, the bank has managed to switch more than one-third of its card portfolio to non-contact technology.

In order to improve the quality of servicing of trade outlets with its POS terminals, VTB Bank (Armenia) has also launched a new 24-hour service for consulting owners and employees of outlets on all issues related to servicing both payment cards and the POS terminals. This innovation will help the employees of retail outlets to service payment cards with more confidence.

VTB Bank Armenia joined the second largest bank of Russia, VTB Group in April 2004. VTB holds 100% of VTB Bank (Armenia) shares. It runs 67 branches across Armenia. -0—

spot_img

POPULAR

Euro exchange rate down 1 point, while US dollar and ruble up

The average market exchange rate of the U.S. dollar to the Armenian dram on April 25, 2025, rose by 0.77 points compared to April 23 and amounted to AMD 390.33.

Armenia may access $25 mln from the IMF under the SBA agreement in June

An International Monetary Fund (IMF) team led by Iva Petrova visited Yerevan from March 31 to April 10, 2025, to conduct discussions for the fifth review under the Stand-By Arrangement (SBA) with Armenia.

In February, deposits in Armenian banks grew by 1%, loans decreased by 0.1% due to dram funds

In February 2025, deposits in Armenian commercial banks grew by 1% (MoM), while loans decreased by 0.1% (MoM), in both cases the changes were due to funds denominated in drams.

Armenian Banks Contribute AMD 28.3 Billion in Taxes During Q1 2025

In the first quarter of 2025, all 18 commercial banks in Armenia ranked among the top 1,000 taxpayers, collectively contributing AMD 28.3 billion in taxes and duties, as reported by the State Revenue Committee.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img