Almost all Armenian banks will stop servicing Russian Mir cards

YEREVAN, March 19. /ARKA/. Russian Business Consulting (RBC) news agency reports that almost all Armenian banks will stop servicing Russian Mir cards.

According to RBC, ATMs and POS-terminals of most Armenian banks will stop servicing cards of the Russian payment system “Mir” from March 30, 2024.

The exception is ATMs and POS-terminals of VTB Armenia Bank (a subsidiary of Russia’s VTB). 

This news was also confirmed by RBC’s source in the Russian payment market. A representative of the National Payment Card System (NPCS) noted that the Mir payment system does not limit its work with foreign partners. However, it is up to the banks of other countries to decide whether or not to accept Mir cards.

ARKA news agency applied to the Central Bank of Armenia and Armenian Card national payment system for a comment.-0-

spot_img

POPULAR

AI will be integrated into virtually all capital market processes in Armenia – expert

In Armenia, AI will be integrated into virtually all processes in one way or another, and where to begin depends on the specific objectives and current priorities of financial institutions, according to Arman Aleksanyan, co-founder and CEO of Eleveight AI.

In January, commercial bank deposits in Armenia decreased by 0.3%, while lending expanded by 1.1% – WB

In January 2026, commercial bank deposits in Armenia decreased by 0.3% (MoM), while loans grew by 1.1% (MoM), according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Armenia and IMF discuss a new standby arrangement

Armenian Deputy Prime Minister Mher Grigoryan and International Monetary Fund (IMF) Deputy Managing Director Marnix von Rey noted the importance of approving a new standby arrangement with the IMF and its full implementation.

“Kamurj” UCO CJSC bonds worth 1 billion drams listed on AMX

"Kamurj" UCO CJSC bonds have been listed on the Armenia Securities Exchange (AMX), the exchange's press service reported.

Armenia’s gross reserves rose to $5.5 billion in February, providing 4.1 months of import coverage – WB

Gross reserves in Armenia increased, reaching $5.5 billion at the end of February, equivalent to 4.1 months of import coverage, according to the World Bank's "Armenia Monthly Economic Update – March 2026."

LATEST NEWS

spot_imgspot_imgspot_img