Tuesday, March 1 2016 12:39
Alina Hovhannisyan

VTB Bank (Armenia) jointly with MasterCard and Eqvilibria Club launch VTB-Air Miles MasterCard unprecedented co-branding card in Armenia

VTB Bank (Armenia) jointly with MasterCard and Eqvilibria Club launch  VTB-Air Miles MasterCard unprecedented co-branding card in Armenia

ArmInfo.  VTB Bank (Armenia) jointly with MasterCard and Eqvilibria Club has launched VTB-Air Miles MasterCardR unprecedented co-branding card in Armenia for public segment. For the first time in Armenia, one can accumulate miles by making non-cash payments.  The Bank's press-office told ArmInfo a holder of VTB-Air Miles MasterCard automatically accumulates bonus miles by making any purchase both inside and outside Armenia, online or at a store, and then exchange them for free air tickets and/or other services (reservation of tables at restaurants, hotel rooms, leasing of cars etc.) available on the website:  http://www.eqvilibriaclub.ru. The terms and conditions to become a VTB-Air Miles MasterCard holder:  5,900 drams annual service fee, 12,900 drams (VAT inclusive) annual fee for activation of VTB-Air Miles service. 

 
 
According to the source, a cardholder accumulates 2-10 bonus miles for every 500AMD/1USD/1EUR/60RUR non- cash payment. To learn more about the bonus miles system, visit http://ru.vtb.am/retail/PaymentCards/vtb-airmails- kobrend-karta/index.php. To track your bonus miles, balance and to exchange miles for services, a cardholder just needs to register on the website http://www.eqvilibriaclub.ru and create a Personal Room. For more details about the service and tariffs, please contact VTB Bank (Armenia) by 87-87 short number, visit the official website of the bank www.vtb.am or any of the bank's branches. 
 
"Together with our strategic partner MasterCard and Eqvilibria Club company, we are happy to present a completely new product in the market of Armenia - VTB-Air Miles MasterCard that is connected to the bonus miles service.  Such services are very popular in the world and 
we are sure VTB-Air Miles MasterCard will be interesting to our customers too. The bonus miles system will enable our customers to make their everyday purchases using VTB-Air Miles MasterCard and automatically accumulate bonus miles and exchange them for free air tickets at almost all the airlines and to any destinations," says Yuri Gusev, Director General - Chairman of Board, VTB Bank (Armenia). 
 
"MasterCard products with additional promo projects are very popular in various markets and remain demanded for a long time. We are glad to see a new VTB-Air Miles MasterCard in Armenia. It was made for special customers who live an active lifestyle, travel and shop much," says Nina Villems, MasterCard Director General for Armenia, Belarus, and Kazakhstan. 
 
"Eqvilibria Club's program gives an opportunity to VTB-Air Miles MasterCard holders to accumulate double miles for every spent 500AMD or 1 USD. Miles can be spent on tickets of nearly all the popular airlines, inclusive of taxes and fees. Customer support for more than 700,000 tourism services is available in the Armenian language. We are happy to see new technologies appearing in lifestyle management in Armenia. We will be supporting sustainable development of these technologies in the given region," says Arthur Atabekyan, President 
of Eqvilibria International.
 
According to the analytical review of the "Armenian Banks in Card Business" prepared by ArmInfo news agency, VTB Bank (Armenia) issued jubilee 500 000th card in November 2015, holding the leadership in the number of active cards. As of October 1 2015, the number of the 
bank's active cards grew by of 25.5%, of which Visa by 20.3% (including more than 92 thousand pension cards), on which the bank also holds the leadership. Bank, becoming a member of MasterCard almost 2 years ago, managed to release more than 25 thousand cards of the system until October 2015, taking the leading position in the top five. In terms of plastic transactions, the bank is also at the first position - more than 143 billion drams for the 9 months of 2015, with an annual growth of 19%. The Bank as of October 1, 2015, had 267 own 
POS-terminals and 158 ATMs.  Until 2013, VTB Bank (Armenia) issued and serviced only international Visa cards, and then in September of the same year, becoming a principal member of MasterCard international payment system, started issuing and servicing Cirrus/ 
Maestro, MasterCard Standard and MasterCard Gold cards. In addition, the bank also serves local ArCa cards and MasterCard Worldwide.  To recall, the "Bank VTB (Armenia)" CJSC became participant of VTB international financial group in April 2004.
 
Currently, the second largest in Russia "VTB Bank" CJSC holds 100% of shares of VTB Bank (Armenia). The Bank is traditionally among the leaders of the Armenian banking system on the basic parameters. VTB Bank (Armenia) is the undisputed leader in coverage of the branch 
network to ensure the presence of not only in the capital, but also in all regions of the country.
 
MasterCard Worldwide is a leading global payments solutions company that provides a family of well-known, widely- accepted payment card brands including MasterCardR, MaestroR and CirrusR and serves consumers, financial institutions, and businesses in over 210 countries and territories worldwide.
 
Eqvilibria Club (Vantage Club) is a pioneer in the market of lifestyle services and loyalty projects for the premium cardholders.  The first projects for the largest retail banks were implemented in 2005 in the Russian market. Eqvilibria Club is an operator of lifestyle services provided by more than 700,000 suppliers worldwide. 
POST A COMMENT
Input digits     


News
Air cargo transportation between Turkey and Armenia will start by the  end of 2022, media reports sayAir cargo transportation between Turkey and Armenia will start by the  end of 2022, media reports say
Minister: AMD 273 billion to be allocated from Armenia`s state budget  to pay interest rates in 2023Minister: AMD 273 billion to be allocated from Armenia`s state budget  to pay interest rates in 2023
Armenian-Iranian trade needs boosting - official Armenian-Iranian trade needs boosting - official 
Ardshinbank has extended the campaign for issuing a digital card for 1 dramArdshinbank has extended the campaign for issuing a digital card for 1 dram
Growth of Armenia`s economic activity to 14.5% in 10 months was  accompanied by increase in exports and importsGrowth of Armenia`s economic activity to 14.5% in 10 months was  accompanied by increase in exports and imports
Unprecedented offer from FLYONE ARMENIA: Beirut, Dubai, Tel Aviv for  only 89 eurosUnprecedented offer from FLYONE ARMENIA: Beirut, Dubai, Tel Aviv for  only 89 euros
Over a half of Armenia`s population live in  communities actively  involved in  CoM East projectOver a half of Armenia`s population live in  communities actively  involved in  CoM East project
Armenia`s transport infrastructure yet unprepared for new geoeconomic  configuration - Vahe Davtyan Armenia`s transport infrastructure yet unprepared for new geoeconomic  configuration - Vahe Davtyan 
AMD 4․653․223 to AMD 4․653․223 to "Aren Mehrabyan" foundation: beneficiary of "The Power of One Dram" for December is the Health Fund for Children of Armenia
Forecast: Without social support, poverty rate in Armenia could rise  to 49%Forecast: Without social support, poverty rate in Armenia could rise  to 49%
PSRC starts process of revising electricity tariffsPSRC starts process of revising electricity tariffs
Poverty rate in Armenia in 2021 increased by 0.1% compared to 2019Poverty rate in Armenia in 2021 increased by 0.1% compared to 2019
Armenia`s government to support IT sector Armenia`s government to support IT sector 
Ardshinbank holds a campaign 10000 AMD for every 300th client making a money transferArdshinbank holds a campaign 10000 AMD for every 300th client making a money transfer
Armenia`s share in UNECE programmes 22%Armenia`s share in UNECE programmes 22%
EU to issue 33mln EUR grant to Armenia EU to issue 33mln EUR grant to Armenia 
Nikol Pashinyan: Introduction of  universal income declaration system  will have significant anti-corruption effectNikol Pashinyan: Introduction of  universal income declaration system  will have significant anti-corruption effect
On December 1, Ameriabank to start initial placement of next tranche  of USD bonds in amount of $10 millionOn December 1, Ameriabank to start initial placement of next tranche  of USD bonds in amount of $10 million
Models of cooperation between public and private sectors are being  developed in ArmeniaModels of cooperation between public and private sectors are being  developed in Armenia
Evocabank launches new contactless cashless payment tool- mPOS for  business entitiesEvocabank launches new contactless cashless payment tool- mPOS for  business entities
Joint Initative of HSBC Bank in Armenia and Jinishian Memorial Foundation (JMF) promotes innovative and sustainable agriculture among the small holder farmers.Joint Initative of HSBC Bank in Armenia and Jinishian Memorial Foundation (JMF) promotes innovative and sustainable agriculture among the small holder farmers.
Civil Contract nominates Armen Nurbekyan for post of CBA Deputy  Chairman Civil Contract nominates Armen Nurbekyan for post of CBA Deputy  Chairman 
Economy Ministry to provide Economy Ministry to provide "oxygen" for IT companies working with  international market 
Party: Draft state budget of Artsakh for 2023 does not reflect  internal and external realities Party: Draft state budget of Artsakh for 2023 does not reflect  internal and external realities
Mher Grigoryan noted key importance of programs implemented jointly  with EBRD Mher Grigoryan noted key importance of programs implemented jointly  with EBRD 
Vahan Kerobyan: Our goal is to bring the volume of investments to 25%  of GDPVahan Kerobyan: Our goal is to bring the volume of investments to 25%  of GDP
Ameria PhonePOS.  New application for receiving non-cash payments with a smartphoneAmeria PhonePOS.  New application for receiving non-cash payments with a smartphone
EDB developed concept for establishing platform on which  multicurrency digital transactions may be carried out - Tigran  SargsyanEDB developed concept for establishing platform on which  multicurrency digital transactions may be carried out - Tigran  Sargsyan
EDB announces 2nd contest of digital technologiesEDB announces 2nd contest of digital technologies
Economy Ministry to support IT companies affected by dram  appreciationEconomy Ministry to support IT companies affected by dram  appreciation
Expert: There are a lot of random people in the tourism sector of  Armenia todayExpert: There are a lot of random people in the tourism sector of  Armenia today
Incomplete fulfillment of capital expenditures indicates a lack of  professionalism - EconomistIncomplete fulfillment of capital expenditures indicates a lack of  professionalism - Economist
EDB forecasts 4.2% GDP growth in Armenia in 2023 and gradual  devaluation of AMDEDB forecasts 4.2% GDP growth in Armenia in 2023 and gradual  devaluation of AMD
Sporadic construction of solar power plants could undermine Armenia`s  food security - expertSporadic construction of solar power plants could undermine Armenia`s  food security - expert
ADB to help Armenia develop wind energyADB to help Armenia develop wind energy
US considers granting Armenia market economy statusUS considers granting Armenia market economy status
Another dollar tranche of bonds from IDBankAnother dollar tranche of bonds from IDBank
Tourists arriving in Armenia faced difficulties due to cashless  payment requirements - MPTourists arriving in Armenia faced difficulties due to cashless  payment requirements - MP
Armenia`s tax authorities on peculiarities of taxation when renting  apartmentArmenia`s tax authorities on peculiarities of taxation when renting  apartment
AraratBank acts as an underwriter of National Mortgage Company RCO bonds   AraratBank acts as an underwriter of National Mortgage Company RCO bonds  
Converse Bank customer wins Visa campaignConverse Bank customer wins Visa campaign
Armenia`s economy recovered quickly after `September shock` - Vahan  KerobyanArmenia`s economy recovered quickly after `September shock` - Vahan  Kerobyan
AraratBank launches Google Pay for its card usersAraratBank launches Google Pay for its card users
Goods imported to Armenia to be liable to excise taxGoods imported to Armenia to be liable to excise tax
Armenia`s national debt in terms of figures not essential - Armenia`s  premier Armenia`s national debt in terms of figures not essential - Armenia`s  premier 
French Development Agency to open permanent office in YerevanFrench Development Agency to open permanent office in Yerevan
Proposed reform to introduce system of mandatory universal income  declaration system for all resident citizens in Armenia cannot ensure  achievement of the declared goals: Tigran JrbashyanProposed reform to introduce system of mandatory universal income  declaration system for all resident citizens in Armenia cannot ensure  achievement of the declared goals: Tigran Jrbashyan
IDBank  “MalatiaIDBank  “Malatia" branch now more comfortable and modern
Largest mining company in Armenia presents its first ESG reportLargest mining company in Armenia presents its first ESG report
It is already possible to make payments with IDBank cards via Apple PayIt is already possible to make payments with IDBank cards via Apple Pay
 Converse Bank announces the launch of the  new coupon bonds placement Converse Bank announces the launch of the  new coupon bonds placement
Vine and Wine Foundation of Armenia: Volumes of wine production in  Armenia almost doubled over 5 yearsVine and Wine Foundation of Armenia: Volumes of wine production in  Armenia almost doubled over 5 years
Armenia`s minister of territorial administration hosts  Ukrainian-Armenian businessmenArmenia`s minister of territorial administration hosts  Ukrainian-Armenian businessmen
Iranian Minister of Energy announces launch of project for  synchronization of electricity between   Iran, Azerbaijan, Armenia and RussiaIranian Minister of Energy announces launch of project for  synchronization of electricity between  Iran, Azerbaijan, Armenia and Russia
Armenia`s economy most likely to not reach its historical high by the  end of 2022: Haykaz FanyanArmenia`s economy most likely to not reach its historical high by the  end of 2022: Haykaz Fanyan
Yerevan, Tehran continue to expand economic relationsYerevan, Tehran continue to expand economic relations
Success of the family business based in Tavush: from a home to a guest house and a small winerySuccess of the family business based in Tavush: from a home to a guest house and a small winery
Armenia becomes popular destination for BelarusiansArmenia becomes popular destination for Belarusians
Satlantis CEO: Armenia did not buy an expensive Mercedes, but rather   established a plant that will produce itSatlantis CEO: Armenia did not buy an expensive Mercedes, but rather   established a plant that will produce it
Robert Khachatryan: Satellite Control Center in Armenia to be ready  by the end of the yearRobert Khachatryan: Satellite Control Center in Armenia to be ready  by the end of the year
Read more


Exchange rates
08.12.2022
RUB6.320.03
USD395.15-0.57
EUR415.38-0.05
GBP481.02-0.69
CAD289.420.30
JPY28.870.08
CNY56.770.22
CHF419.79-0.38