Sun, 11 January
-5.9 C
Yerevan
USD: 381.21 RUB: 4.81 EUR: 443.92 GEL: 141.50 GBP: 511.13

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

Armenian banks tighten checks on Russian transactions

Banks in Armenia and Serbia have tightened checks on Russian transactions following Russia's inclusion on the EU's money laundering blacklist, RBC reports, citing lawyers and international business consultants.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

 Financial capacity in Armenia has grown, exceeding targets: Central Bank head

Financial capacity in Armenia has increased, and the established national targets have not only been met but also exceeded, said Martin Galstyan, Chairman of the Central Bank of Armenia, during the presentation of the results of the 3rd national survey (barometer) "Assessment of Financial Capabilities of the Population of the Republic of Armenia."

Procedure and conditions for providing cashback on transactions with ArCa cards

Starting January 1, Armenia introduced a 2% cashback system for non-cash payments made with ArCa payment system cards.

LATEST NEWS

spot_imgspot_imgspot_img