YEREVAN, February 20. \/AR\u041a\u0410\/. Armenian Prime Minister Nikol Pashinyan said at a government meeting that cashless payments exceed cash payments this year.<\/p>\n\n\n\n
\u201cThis is a positive fact. We hoped to see such a situation back in 2018-2019. Of course, we need to understand the reasons, since, as I assume, the development of online commerce, facilitated by the presence of a number of large foreign companies in our market, had a significant impact. But the impact of the cashback system on pensions, family and social benefits is also obvious,\u201d Pashinyan said, the government press service reported.<\/p>\n\n\n\n
According to the prime minister, this system can become a good tool for discussing and finding solutions to promote cashless payments.<\/p>\n\n\n\n
The meeting discussed the possible consequences of measures to promote cashless payments and alternative mechanisms.<\/p>\n\n\n\n
During the exchange of views, various proposals were presented, including a pilot extension of the cashback system for a new group of beneficiaries.<\/p>\n\n\n\n
Pashinyan instructed the responsible persons to submit a proposal on stimulating non-cash transactions and introducing a cashback mechanism based on the results of the discussion.<\/p>\n\n\n\n
About the cashback system for non-cash expenses<\/p>\n\n\n\n
Starting from July 1, 2022, pensioners and beneficiaries who use their bank cards to pay for goods and services receive a cashback of 12% of the total amount spent in the previous month, but not more than 6 thousand drams per month. These funds are credited to their bank cards by the 25th of the following month.<\/p>\n\n\n\n
Over 2.5 years since the launch of the program, the volume of non-cash payments amounted to 171.7 billion drams, and 15.2 billion drams were refunded to citizens. The number of beneficiaries as of November 2024 was 278 thousand people.<\/p>\n\n\n\n
On January 9, 2025, the government extended the program until December 30, 2025. (1 US dollar – 395.31 drams).<\/p>\n","protected":false},"excerpt":{"rendered":"
Armenian Prime Minister Nikol Pashinyan said at a government meeting that cashless payments exceed cash payments this year.<\/p>\n","protected":false},"author":5,"featured_media":261571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12315,9214,12139,9216],"tags":[15837,13158],"class_list":["post-261574","post","type-post","status-publish","format-standard","has-post-thumbnail","category-announces","category-banks-en-en","category-economy-en","category-news","tag-armenia-2","tag-cashless-payments"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t