{"id":250802,"date":"2023-03-07T15:25:59","date_gmt":"2023-03-07T15:25:59","guid":{"rendered":"https:\/\/armbanks.am\/2023\/03\/07\/250802\/"},"modified":"2023-03-07T15:25:59","modified_gmt":"2023-03-07T15:25:59","slug":"non-cash-card-transactions-in-armenia-grew-in-2022-to-69-of-total","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2023\/03\/07\/250802\/","title":{"rendered":"Non-cash card transactions in Armenia grew in 2022 to\u00a0\u00a069% of total"},"content":{"rendered":"\n

YEREVAN, November 28. \/ARKA\/.<\/strong> The number of payment cards in Armenia in 2022\u00a0\u00a0grew by almost 29% from the previous year to\u00a0\u00a0over 3.1 million. Compared to 2011, their number grew by 226%, according to the Union of Banks of Armenia.<\/p>\n\n\n\n

Some 47.5% were Visa cards, 23.2% -MasterCard cards, 23.6% were ArCa cards and 5.8% were other international payment cards.<\/p>\n\n\n\n

Last year the payment cards were used to make 199 million transactions, by 46.7% more than in 2021. These transactions were worth over 4. 7 trillion drams, an increase of  34.6%  compared to January-December 2021.<\/p>\n\n\n\n

About  61 million transactions were  cash and about  138 million  non-cash transactions. The share of non-cash transactions has been growing since 2020. For example, in December 2019 the ratio of cash transactions to non-cash transactions was 52% to 48%, and at the end of 2022 the ratio was 31% to 69%.<\/p>\n\n\n\n

The cash transactions in 2022 amounted to over 3.2 trillion drams, while the  non-cash transactions amounted to over 1.5 trillion. At the end of 2022  cash transactions made 68%, and non-cash – 32% of the total.<\/p>\n\n\n\n

In average one cash transaction was  52,950 drams (increase by 9.2%), and one non-cash transaction was  11,028 drams (decrease by 13.2%).<\/p>\n\n\n\n

According to the Union of Banks of Armenia, payment cards issued by Armenian banks were used in 2022 to make 165,996,608 transactions (43.4% growth against 2021),  worth about 4 trillion drams.<\/p>\n\n\n\n

During the reporting period, 14,975,554 transactions were performed with the cards of Armenian banks abroad (68.2% growth). Their volume amounted to 456,467 million drams (111.6% growth).<\/p>\n\n\n\n

Also, 17,936,385 transactions were made with the cards of foreign banks in Armenia (64.9% growth). The volume of such transactions amounted to 339.141mln drams (33.9% growth).<\/p>\n\n\n\n

The share of online transactions made  36.5% of the total (44.2% growth), the share of POS transactions – 38.3% (80.8% growth), and the share of ATM transactions – 25.2% (14.2% growth).<\/p>\n\n\n\n

Of the 18 banks operating in Armenia,  16 banks issue ArCa cards, 15 \u2013 MasterCard cards, 13 \u2013 Visa cards, one bank – Amex, Diners Club, JCB and China Union cards and two banks  issue other cards. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"

The number of payment cards in Armenia in 2022\u00a0\u00a0grew by almost 29% from the previous year to\u00a0\u00a0over 3.1 million. Compared to 2011, their number grew by 226%, according to the Union of Banks of Armenia<\/p>\n","protected":false},"author":1,"featured_media":175878,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[586],"class_list":{"0":"post-250802","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-586"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=250802"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/250802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/175878"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=250802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=250802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=250802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}