Armenian Card appoints new CEO, company moves into transformation phase

YEREVAN, 5 August. /ARKA/. Vardan Khachatryan has been appointed as the new executive director of Armenian Card (ArCa) national payment system, the company’s website reported.

Khachatryan, who succeeded Ishkhan Mkhitaryan on 11 June, previously served as the company’s risk management director.

Vardan Khachatryan has many years of experience in the financial and banking system of Armenia, including in the Central Bank, as well as advanced training in regulators and leading companies in the USA, Germany, Austria, the Netherlands, Luxembourg, France and other countries.

Hovhannes Khachatryan, Chairman of the Board of Directors of Armenian Card, noted: “ArCa is of crucial strategic importance for Armenia. The company is currently in the transformation phase. I am convinced that with the new strategy and team we will achieve a synergistic effect, making Armenia’s payment system one of the leading in the world.”

ArCa also appointed new Board members: Ruben Sagoyan as Chief Development Officer, Haykanush Hakobyan as Chief Operating Officer, Aghasi Vartanyan as Chief Technical Officer and Ashot Vartanyan as Chief Risk Management Officer.

Armenian Card is a national payment infrastructure that provides cashless payments to 2.5 million customers and over 100,000 businesses. Armenian Card’s ecosystem of partners includes commercial banks and payment organisations in Armenia. -0-

spot_img

POPULAR

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.

VTB (Armenia) has simplified car loan process in primary market

VTB (Armenia) has launched a simplified car loan program for the purchase of new cars at more than 50 car dealerships in the market.

4.5% Inflation Recorded in Armenia in March

Twelve-month inflation in the Armenian consumer market in March of this year was 4.5%, according to a report from the Statistical Committee of Armenia.

The average exchange rate of the Armenian dram to US dollar in March was 3.9% lower than a year ago

In March 2026, the average exchange rate of the Armenian dram to the US dollar was 377.4 drams, compared to 392.8 drams in March 2025, according to data from the Statistical Committee.

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of March 31, 2026, decreased by 0.38 points compared to March 30, to 377.16 drams.

LATEST NEWS

spot_imgspot_imgspot_img