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 and ruble exchange rates against the Armenian dram have risen, while the dollar has fallen —Central Bank of Armenia

The average market exchange rate of the US dollar against the Armenian dram, as established in Armenia’s foreign exchange market on October 21, 2026, decreased by 0.05 points compared to October 20, reaching 361.4 drams.

A Birthday in Italy with Unibank

Unibank cardholder Haykush Markosyan will celebrate her 35th birthday in Italy after winning the “More Opportunities with Mastercard World Travel” promotion.

Business, Banks, and Investment: Biodiversity Financing to be Discussed at COP17 in Yerevan

A "Business and Biodiversity Forum" will be held in Yerevan as part of COP17, focusing on the private sector's role in achieving international biodiversity conservation goals.

Ranking of Armenia’s Largest Banks by Asset Volume for the First 9 Months of 2026

The ARKA news agency has published a ranking of Armenia’s largest banks by total assets as of September 30, 2026.

VTB (Armenia) supports the Newmag BOOK DONATION initiative in the city of Hrazdan

VTB (Armenia) continues to support the socially significant "BOOK DONATION" project by the Newmag publishing house, which aims to replenish library collections in Armenia’s regions with contemporary literature.

LATEST NEWS

spot_imgspot_imgspot_img