ArmInfo. For the first time in Armenia Areximbank-Gazprombank Group has started issuing Visa payWave contactless cards. The press service of Areximbank-Gazprombank Group reports that the cards will be accepted by the banks' 12 Yerevan-based contactless terminals no matter where issued. By spring 2015 the bank is planning to redouble the number of such terminals. Visa payWave is a unique technology allowing to pay in a contactless manner: all you have to do is to bring the card close to a special reader. Visa payWave is based on EMV technology and is accepted by terminals all over the world, including Armenia's closest partners, Russia, Kazakhstan, Ukraine, Belarus and Georgia. According to ArmInfo's Armenian Banks in Card Business bulletin, Areximbank-Gazprombank Group is among the ten most active Visa and MasterCard issuers in Armenia: 20,000 and 12,000, respectively, as of Apr 1 2014 (9.1 and 36.5 respective growths as compared with Apr 1 2013). The bank has 316 POS-terminals (8th rank) and 79 ATMs (9th rank). The bank was the first to join Visa and the first to launch an Internet acquiring project in Armenia. The sole owner of Areximbank-Gazprombank Group is Gazprombank from Russia.
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