Ministry of Finance has identified cases in which the 2% cashback will not be awarded for payments made with ArCa cards

YEREVAN, January 9. /ARKA/. The Armenian Ministry of Finance has clarified which non-cash transactions made with ArCa payment system cards will not be eligible for cashback.

Starting January 1, Armenia introduced a 2% cashback system for non-cash payments made with ArCa payment system cards. Cashback is transferred to beneficiaries automatically until the 25th of the following month for transactions over 1,000 drams, with a maximum cashback of 6,000 drams per transaction and 60,000 drams per month. As the department reported on its Facebook page, citizens will not receive a 2% cashback when making a non-cash transaction with an ArCa card if the payment was made:

for utilities, information, and communication services

in favor of the state or community budget

at high-risk points of sale (for example, gambling houses)

for services offered by financial institutions

with ArCa gift cards or one-time use cards

or if the transaction involved a refund, compensation, or chargeback.

On December 25, the Armenian government approved measures and procedures for providing cashback on non-cash payments made by individuals through the Armenian Card (ArCa) national payment system. This initiative is primarily aimed at encouraging non-cash transactions in Armenia and increasing consumer awareness of modern financial instruments and technologies. The project will be implemented in pilot mode until the end of 2026.

spot_img

POPULAR

Euro and ruble rose, while the dollar fell: Central Bank

The average market exchange rate of the US dollar to the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.43 points on July 31, 2026, compared to July 30, to 366.2 drams.

Changes in Byblos Bank Armenia’s Executive Management

Byblos Bank Armenia CJSC announces that the Bank’s Chief Executive Officer Hayk Stepanyan will conclude his tenure with the Bank effective August 1, 2026.

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

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, fell by 0.18 points on July 28, 2026, compared to July 27, to 366.54 drams.

VTB (Armenia): “Stable” Deposit – Up to 10% Per annum and Opening via Mobile App

Retail clients of VTB (Armenia) can open a "Stable" deposit at a rate of up to 10% per annum when deposited in the national currency for a term of 12 months.

Euro rose against the Armenian dram, while the dollar and ruble continued to decline: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market, fell by 0.34 points on July 29, 2026, compared to July 28, to 366.2 drams.

LATEST NEWS

spot_imgspot_imgspot_img