Thursday, January 27 2011 11:34
Pensioners to be able to receive pensions by cards of ArmBusinessBank
ArmInfo. ArmBusinessBank and Armenian Ministry of Labor and Social Issues signed an agreement on noncash payments of pensions. The press service of ArmBusinessBank told ArmInfo that starting 1 Feb 2011 pensioners will be able to receive a special "Pension" plastic card in the bank free of charge.
According to the source, pensioners can withdraw cash at all the ATMs of the bank, as well as accumulate the money and receive annual additional income. The "Pension" payment card provides an opportunity to use the discount system offered by the bank.
To note, since June 2010 the sole owner of ArmBusinessBank is Chrystie Management. As of 1 Oct 2010, the bank had over 34 thsd active cards ArCa, Visa, and MasterCard, as well as 90 ATMs and 119 POS-terminals.