Armenia to be key destination for Russian “Card Tourism”

YEREVAN, December 16. /ARKA/. Tour operators in Russia are expected to receive tens of thousands of new requests for Visa and MasterCard cards in post-Soviet countries, said Artur Muradyan, vice president of the Association of Tour Operators of Russia (ATOR).

He identified Kyrgyzstan, Kazakhstan, Uzbekistan, and Armenia as the main destinations for “card tourism,” Kommersant reports.

ATOR notes that the anticipated boom in “card tourism” next year – trips by Russian citizens abroad to obtain cards from international payment systems – is driven by the reduction in the number of Russian banks whose UnionPay cards are accepted abroad, as well as difficulties in exchanging old-style dollars overseas.

However, experts note that using Visa and MasterCard involves certain difficulties, and additionally, there is a need to regularly report to the Federal Tax Service about the replenishment of accounts linked to these cards.-0-

spot_img

POPULAR

Freedom Broker Armenia Director Expects Pause in Central Bank Rate Hike, but Points to Conditions for Further Increases (EXCLUSIVE)

The Central Bank of Armenia's further decisions on the refinancing rate will depend on inflation dynamics and its structure, according to Freedom Broker Armenia Director Hovak Hovakimyan.

Special Mortgage Offers: IDBank at Toon Expo: Invest 2026

At Toon Expo.Invest 2026 Vol. 2, taking place from November 13-15, IDBank will offer special mortgage terms, featuring lower interest rates than current rates and up to 5% cashback, in accordance with the Bank's applicable terms and conditions.

Business loan pre-approval in five minutes — what did Unibank showcase in Gyumri?

Unibank showcased its financing and card payment solutions for small and medium-sized enterprises at the “Banks and Business in Gyumri” expo, organised at the initiative of the Union of Banks of Armenia.

Armenian Government Approves Agreements with EBRD for Construction of Two Customs and Logistics Centers Worth €57 Million

Approximately €57 million in loan and grant funds from the European Bank for Reconstruction and Development (EBRD) has been allocated for the construction of customs and logistics centers in Yerevan and Armenia’s Syunik Province.

Capital of Armenian Credit Organizations Grows by 4.35% to 474.09 Billion Drams Over 9 Months

As of September 30, 2026, the aggregate capital of credit organizations in Armenia reached 474.09 billion drams, marking an increase of 1.49% for the third quarter and 4.35% since the beginning of the year.

LATEST NEWS

spot_imgspot_imgspot_img