YEREVAN, October 31. /ARKA/. The Central Bank of Armenia will invest AMD 755 million next year in the authorized capital of Armenian Card CJSC (ArCa, national payment system), head of the regulator Martin Galstyan said.
“The goal of the investment is to provide ArCa customers with more convenient and secure services based on digital solutions,” he said.
ArCa was founded jointly with the Central Bank of Armenia and 10 commercial banks in March 2000 for introduction and development of modern payment and settlement systems in the banking market of the country.
Modern technical and software-technological capabilities of the processing center, as well as specialized technical support allow commercial banks to issue and/or service cards of the national payment system, cards of international payment systems MasterCard, Visa, American Express, DCI (Diners Club International), MIR and JCB (Japan Credit Bureau).
At the moment the shareholders of the company are the Central Bank of Armenia and 15 Armenia-based commercial banks. -0-
