Tue, 1 July
29.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Payments cards used in Armenia to make 31,532,464 transactions in first half of 2021

YEREVAN, August 5. /ARKA/. In the first half of 2021, the payment cards issued by Armenian banks were used to make 31,532,464 transactions, which was by 10,772,048 or 51.9% more than in the first half of 2020, the Union of Banks of Armenia said.

The volume of transactions amounted to 811.921 billion drams, which was by 179.068 billion drams or 28.3% more than in the same period of 2020.

In the reporting period, the number of cards issued by Armenian banks increased in comparison with the first half of 2020 by 131,110 or 5.4%, amounting to 2,576,937.

During the reporting period, 775,919 ArCa cards, 1,097,557 Visa cards, 656,208 MasterCard cards, 47,253 other international cards were issued.

Compared to the first half of 2020, in January-June 2021, ArCa cards were issued by 42,352 more (5.8%), Visa cards – by 47,715 (4.5%), MasterCard cards – by 37,507 (6.1%), other international cards – more by 3,536 (8.1%)

At the end of June 2021, there were 1,544 ATMs and 14,334 POS terminals in Armenia. The number of ATMs in comparison with the first half of 2021 did not change, while the number of POS-terminals increased by 1,972 or 15.9%

Of the 17 commercial banks operating in Armenia, 16 issue ArCa cards, 15 – MasterCard cards, 13 – Visa cards, one bank – Amex, Diners’ Club and JCB cards and two banks – other cards.

Overall, Armenia-based commercial banks earned a total of 40.7 billion drams in income in the first half of 2021, by 46.7 million or 0.11% more than in the same time span of 2020.

There are 17 commercial banks in Armenia which run as many as 541 branches across the country, employing 12,700 personnel. As of April 2021, the number of bank clients stood at 3.3 million people (an increase of 229,405 people or by 7.7% in comparison with April 2020), of which 3.2 million were individuals and 107,300 thousand legal entities. ($1 – 492.3 drams) -0-

spot_img

POPULAR

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.

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.

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img