Some 800 million drams refunded to Armenian pensioners as cashback

YEREVAN, January 12. /ARKA/. Some 800 million drams have been refunded to Armenian pensioners in the form of cashback for cashless payments made by their cards over the last six months.

“Some 44 million drams were refunded  in July, 74.4 million in August, 118.7 million in September, 152.3 million in October, 185.6 million in November and 226 million drams in December 2022,” Armenian Prime Minister Nikol Pashinyan said at the government session today.

He noted that refunds were given to 76 thousand pensioners, who used their cards to make purchases and pay utility bills. He added that the average amount of a cashback is 3.4 thousand drams (per month).

“It turns out that for 76,000 people we have increased pensions, on average, by another 3,400 drams,” he said.

The government-designed scheme enabling pensioners to get cashback (no more than 5,000 drams a month) for cashless transactions was launched July 1, 2022.

Today this opportunity is available to senior customers of four Armenian banks – VTB Bank (Armenia), Ardshinbank, Armbusinessbank and Acba Bank. The government said earlier it will extend the scheme until June 30, 2023. ($1 – 395.96 AMD). –0—

spot_img

POPULAR

Armenia and Georgia aim for instant payments and unified QR codes: new steps in fintech integration

Armenia and Georgia are exploring deeper cooperation in financial technology, including synchronizing instant payment systems, simplifying bank account opening, and implementing unified QR codes, announced by Varlam Ebanoidze, Head of the Financial and Supervisory Technologies Development Department at the National Bank of Georgia.

IDBank Participates in Regional Conference of the Union of Banks of Armenia

IDBank took part in the conference titled “Opportunities and Prospects for Cooperation between Business and the Banking System in Lori Region”, held in Vanadzor.

Unibank joins the Partnership for Carbon Accounting Financials (PCAF)

Unibank has joined the Partnership for Carbon Accounting Financials (PCAF), reinforcing its commitment to integrating climate considerations into its financial activities and improving transparency around emissions.

IDBank and Idram conducted financial literacy course for children in Lori region

IDBank and Idram have organized a financial literacy course for children residing in the village of Vahagni and nearby areas in the Lori region.

IDBank Participates in Regional Conference of the Union of Banks of Armenia, Presenting Innovative Tools for the SME Sector

IDBank took part in the regional conference “Opportunities and Prospects for Cooperation between Business and the Banking System in Lori Region,” held in Vanadzor and organized by the Union of Banks of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img