{"id":272559,"date":"2026-04-28T11:56:04","date_gmt":"2026-04-28T07:56:04","guid":{"rendered":"https:\/\/armbanks.am\/?p=272559"},"modified":"2026-04-28T12:12:51","modified_gmt":"2026-04-28T08:12:51","slug":"a-new-law-on-payment-services-is-being-developed-in-armenia-deputy-governor-of-central-bank","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2026\/04\/28\/272559\/","title":{"rendered":"A new law on payment services is being developed in Armenia \u2013 Deputy Governor of Central Bank"},"content":{"rendered":"\n<p><strong>YEREVAN, April 28. \/AR\u041a\u0410\/. <\/strong>A new law on payment services is being developed in Armenia, taking into account modern trends in financial technology development, said Deputy Chairman of the Central Bank of Armenia Hovhannes Khachatryan.<\/p>\n\n\n\n<p>According to him, the document is being drafted with a focus on European directives and is aimed at adapting the country&#8217;s financial system to the growth of instant payments and real-time settlements.<\/p>\n\n\n\n<p>&#8220;The updated regulatory framework is designed to strengthen corporate governance and oversight mechanisms, as well as enhance consumer protection,&#8221; Khachatryan said at the annual Fintech 360 forum in Yerevan.<\/p>\n\n\n\n<p>He noted that the new law will facilitate market entry for new participants and introduce risk-based regulation. This, he added, will help ensure a balance between the development of innovation and the maintenance of financial stability.<\/p>\n\n\n\n<p>&#8220;The development of the fintech ecosystem requires the creation of a flexible regulatory environment capable of supporting experimentation and new business models while maintaining trust in the financial system,&#8221; Khachatryan said.<\/p>\n\n\n\n<p>He also stated that the regulator is continuing to develop a regulatory framework for cryptoassets. Specifically, following the adoption of legislation in 2025 that classifies stablecoins as a separate category, secondary regulations are being developed covering their entire circulation cycle\u2014from issuance to reserve requirements.<\/p>\n\n\n\n<p>Furthermore, Khachatryan noted that technological advances, including artificial intelligence, could potentially change the approach to oversight, making it more responsive and based on real-time data analysis.<\/p>\n\n\n\n<p>The Fintech 360 conference is taking place in Yerevan on Tuesday and brings together representatives of the financial sector, technology companies, and regulators to discuss key areas of industry transformation.<\/p>\n\n\n\n<p>ARKA News Agency is the media partner of the FINTECH360 conference.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new law on payment services is being developed in Armenia, taking into account modern trends in financial technology development, said Deputy Chairman of the Central Bank of Armenia Hovhannes Khachatryan.<\/p>\n","protected":false},"author":5,"featured_media":270338,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12315,12139,9216],"tags":[17491,12352,12290,14514],"class_list":{"0":"post-272559","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-announces","8":"category-economy-en","9":"category-news","10":"tag-fiannce","11":"tag-money","12":"tag-payment","13":"tag-technology"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/272559","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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=272559"}],"version-history":[{"count":1,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/272559\/revisions"}],"predecessor-version":[{"id":272560,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/272559\/revisions\/272560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/270338"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=272559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=272559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=272559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}