{"id":251366,"date":"2024-02-21T08:02:18","date_gmt":"2024-02-21T08:02:18","guid":{"rendered":"https:\/\/armbanks.am\/2024\/02\/21\/251366\/"},"modified":"2024-02-21T08:02:18","modified_gmt":"2024-02-21T08:02:18","slug":"number-of-payment-cards-in-armenia-increased-by-16-9-and-reached-3-7-mln-in-2023","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2024\/02\/21\/251366\/","title":{"rendered":"Number of payment cards in Armenia increased by 16.9% and reached 3.7 mln. In 2023"},"content":{"rendered":"\n<p><strong>YEREVAN, February 21. \/ARKA\/. <\/strong>The number of payment cards in Armenia grew to 3.7 million in 2023, up 16.9% year-on-year, Chairman of the Union of Banks of Armenia (UBA) Daniel Azatyan told a press conference on Tuesday.<\/p>\n\n\n\n<p>According to him, the growth was caused by the adoption of the law &#8220;On Non-Cash Transactions.&#8221;<\/p>\n\n\n\n<p>Visa cards accounted for 46.3% of the total, MasterCard cards accounted for 23.6%, ArCa cards for 23.4% and other international cards for 6.7% of the total number.<\/p>\n\n\n\n<p>Azatyan said 393.1 million card transactions were made last year, a 96.7% increase compared to 2022, while the volume of transactions made in the reporting period amounted to AMD 6.7 trillion, up 40.5% year-on-year.<\/p>\n\n\n\n<p>Some 338.8 million transactions were made with cards issued by Armenian banks in Armenia (104.1% growth compared to 2022), the volume of which amounted to AMD 5.6 trillion (41.5% growth).<\/p>\n\n\n\n<p>In the reporting period, 24.2 million transactions were made with the cards of Armenian banks abroad (61.9% growth). Their volume amounted to 705 billion drams (54.6% growth).<\/p>\n\n\n\n<p>In 2023, 30.1 million transactions were&nbsp;&nbsp;made in Armenia using cards of foreign banks (67.6% growth). The volume of such transactions amounted to 375 billion drams (10.6% growth).<\/p>\n\n\n\n<p>Azatyan also said that in 2023 the number of ATMs dropped by 4.2% to about 1.6 thousand, , while the number of POS terminals increased by 16.9% to 80.5 thousand.&nbsp;<\/p>\n\n\n\n<p>According to the law on non-cash transactions, the threshold for cash transactions made by individuals is AMD 300 thousand. Any transactions exceeding this amount must be made in a non-cash manner. This threshold is zero for budget payments and receipts, healthcare, education, legal services.<\/p>\n\n\n\n<p>The law came into force throughout Armenia in 2024. ($1 &#8211; AMD 404.47) -0-.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of payment cards in Armenia grew to 3.7 million in 2023, up 16.9% year-on-year, Chairman of the Union of Banks of Armenia (UBA) Daniel Azatyan told a press conference on Tuesday<\/p>\n","protected":false},"author":1,"featured_media":158872,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[],"class_list":{"0":"post-251366","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251366","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=251366"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/158872"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=251366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=251366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=251366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}