Tuesday, October 3 2017 11:19
Emmanuil Mkrtchyan

Ishkhan Mkhitaryan: ArCa and Mir complete the technological part of the project of interaction, business for banks

Ishkhan Mkhitaryan: ArCa and Mir complete the technological part of the project of interaction, business for banks

ArmInfo. National payment systems Armenian Card and MIR (operator of the system - National Payment Card System (NSPC)) have successfully completed a pilot project on mutual acceptance of bank payment cards ArCa and and started to service them. As the director of the Armenian Card, Ishkhan Mkhitaryan told ArmInfo correspondent, all the works were carried out within the timeframes stipulated by the road map signed in Yerevan by the payment systems of the two countries in November 2016. "At the moment, it can already be said that the project has taken place, and transactions with the maps" Mir "in Armenia are already a reality.

It should be noted that on the cards of the national payment system MIR in Russia the employees of the budgetary sphere are being massively transferred, and the significant growth of the flow of Russian tourists to Armenia has created an excellent base for launching this joint project. will begin in July, immediately after the pilot's completion. Now their number is growing slowly, but at the right rate, "- said the head of the Armenian Card. At the same time, transactions on MIR cards are made not only in Yerevan, but also in regions!

According to the expert, ArCa bank cards have also been successfully tested in Russia, but ArCa chip cards will be serviced in Russia. "National ArCa cards based on outdated tape technology in Russia will not work, for security reasons," Mkhitaryan said. He noted that the project of intersystem interaction was rather serious and not simple. Not only colossal technical work was carried out, but also joint work on regulatory agreements, intersystem agreements, standards, rules and requirements. According to the expert, the main work of the Armenian Card on "docking" of systems was carried out, now it's up to the banks, for developing their respective card products and conducting marketing.  Mkhitaryan agreed that the mutual acceptance of the national cards of Armenia and Russia can significantly expand the segment of the card business aimed at facilitating the process and increasing the availability of private money transfers on the market, according to the principle of <2 cards one account. Moreover, ArCa cards in Russia can be used, with the possibility of replenishing accounts, and those who work in Russia on a temporary basis without having a formal opportunity to use Russian banking services. An important element is the absence of the conversion cross-rate AMD / Ruble, based on their ratio to the US dollar, which is inherent in the calculation with cards of other payment systems.

It should be reminded that practically all Armenian card-based card infrastructure serving Armenia, except for banks that have their own processing centers, currently serves "MIR" cards. 3 banks have already officially announced the launch of ArCa chip cards, which can be used in Russia - Ardshinbank, Ameriabank, ACBA Credit Agricole Bank. The Memorandum of Cooperation between Armenian Card CJSC (operator of Armenia's payment system ArCa) and JSC NSPK (operator of the Russian payment system MIR) was signed on June 3, 2016. In 2017, on July 7, the Central Bank included the Russian NSPC "MIR" in the register of active payment and settlement systems, and gave permission to "Armenian Card" CJSC to participate in the "MIR" system. According to "Rossiyskaya Gazeta", during the summer months of this year the number of issued "MIR" cards has more than doubled and reached 17.6 million units in early September. The map on  today is issued by 134 Russian banks, and  served by 370 banks


News
Martin Galstyan: Armenia can become a home for numerous innovationsMartin Galstyan: Armenia can become a home for numerous innovations
Armenia and San Marino discuss opportunities for cooperation in the field of High TechnologiesArmenia and San Marino discuss opportunities for cooperation in the field of High Technologies
Volume of dollar transactions decreased by 65.3% on the foreign exchange interbank market for October 18-22Volume of dollar transactions decreased by 65.3% on the foreign exchange interbank market for October 18-22
Hakob Arshakyan: By 2025, Armenia`s engineering turnover will reach 500 billion drams, and the staff- 35 thousand peopleHakob Arshakyan: By 2025, Armenia`s engineering turnover will reach 500 billion drams, and the staff- 35 thousand people
Deputy Minister of Economy of Armenia was sent to Moscow on October  24-26Deputy Minister of Economy of Armenia was sent to Moscow on October 24-26
Armenia simplifies licensing process for foreign companies for a  number of areas of activityArmenia simplifies licensing process for foreign companies for a  number of areas of activity
Copper smelter may be launched in Armenia in two to three yearsCopper smelter may be launched in Armenia in two to three years
Iranian industrial park to be established in ArmeniaIranian industrial park to be established in Armenia
Armenia`s insurance sector increased payments to state treasury by  31.3%, in Jen-Sep of 2021Armenia`s insurance sector increased payments to state treasury by  31.3%, in Jen-Sep of 2021
EDB to provide Armenia with  $ 3mln grant to fight coronavirus  infectionEDB to provide Armenia with  $ 3mln grant to fight coronavirus  infection
Ameriabank tops list of largest taxpayers among commercial banks in  Armenia in 9 monthsAmeriabank tops list of largest taxpayers among commercial banks in  Armenia in 9 months
Gazprom Armenia returned to the leading position in the list of large  taxpayersGazprom Armenia returned to the leading position in the list of large  taxpayers
Telecommunications operators of Armenia for 9 months of 2021  increased tax payments to the state treasury by 16.3%Telecommunications operators of Armenia for 9 months of 2021  increased tax payments to the state treasury by 16.3%
PSRC Head: If the negotiations are concluded successfully, the water  tariff will be increased by only 20 drams PSRC Head: If the negotiations are concluded successfully, the water  tariff will be increased by only 20 drams 
EDB: Consumer demand recovery slows down in Armenia, further rate  hikes are possibleEDB: Consumer demand recovery slows down in Armenia, further rate  hikes are possible
Head of regulator refrains from confirming whether there will be  increase in gas and electricity tariffs in 2022Head of regulator refrains from confirming whether there will be  increase in gas and electricity tariffs in 2022
EEC intends to reach 93.6% in terms of food security by 2022EEC intends to reach 93.6% in terms of food security by 2022
Head of PSRC: Frequent power outages are not a consequence of the  post-war situationHead of PSRC: Frequent power outages are not a consequence of the  post-war situation
The USA finally determined the duties on the import of aluminum foil  from Armenia and a number of other countriesThe USA finally determined the duties on the import of aluminum foil  from Armenia and a number of other countries
 Ministry of Finance: Most of the purchases from one supplier are  carried out by the healthcare system  Ministry of Finance: Most of the purchases from one supplier are  carried out by the healthcare system 
Courts will consider complaints about violations during public  procurement auctionsCourts will consider complaints about violations during public  procurement auctions
Dmitry Volvach: Russia is investing over $ 1 billion in the Armenian  economyDmitry Volvach: Russia is investing over $ 1 billion in the Armenian  economy
Minister: Development of decentralized interregional cooperation is a  priority task of the Armenian governmentMinister: Development of decentralized interregional cooperation is a  priority task of the Armenian government
Is it realistic to maintain the current gas price? Deputy Prime  Minister of Armenia explained Is it realistic to maintain the current gas price? Deputy Prime  Minister of Armenia explained 
RA Economy Minister discussed Armenia`s investment potential with  U.S. Ambassador RA Economy Minister discussed Armenia`s investment potential with  U.S. Ambassador 
Armenia and Russia have developed common approaches to attracting  investmentArmenia and Russia have developed common approaches to attracting  investment
32nd energy charter conference ministerial meeting to be held in  Yerevan32nd energy charter conference ministerial meeting to be held in  Yerevan
Veronika Nikishina: REC Group is interested in close cooperation  with Armenia in a wide range of integration projectsVeronika Nikishina: REC Group is interested in close cooperation  with Armenia in a wide range of integration projects
For 9 months of 2021, public debt of Armenia increased by $ 1.069  billionFor 9 months of 2021, public debt of Armenia increased by $ 1.069  billion
Joint Project of HSBC Group and Orran Benevolent Organisation Supports 200 Young People in Regions to Get Jobs and Start their BusinessJoint Project of HSBC Group and Orran Benevolent Organisation Supports 200 Young People in Regions to Get Jobs and Start their Business
Armenian NPP connected to RA unified power grid since October 17Armenian NPP connected to RA unified power grid since October 17
Leadership of SRC of Armenia will be sent to MoscowLeadership of SRC of Armenia will be sent to Moscow
Russia`s trade representative: Armenian market is traditionally attractive for RussiaRussia`s trade representative: Armenian market is traditionally attractive for Russia
5th meeting of Armenian-Czech Intergovernmental Commission on  Economic Cooperation held in Yerevan5th meeting of Armenian-Czech Intergovernmental Commission on  Economic Cooperation held in Yerevan
Make payments via Idram in online stores, get free delivery or a cashback and take part in the drawMake payments via Idram in online stores, get free delivery or a cashback and take part in the draw
Interest rates on loans and deposits have grownInterest rates on loans and deposits have grown
In Moscow, Suren Papikyan discussed issues related to In Moscow, Suren Papikyan discussed issues related to "North-South  Power Corridor" and construction of a new nuclear power unit in  Armenia 
Armenian Minister of Economy received Deputy Minister of Industry and  Trade of Czech RepublicArmenian Minister of Economy received Deputy Minister of Industry and  Trade of Czech Republic
Issue of feasibility of creating institution of business ombudsman is  being discussed at RA Economy Ministry Issue of feasibility of creating institution of business ombudsman is  being discussed at RA Economy Ministry 
Armenia is ready to cooperate in developing common approach to  protect EAEU internal market in case of pressure from third partiesArmenia is ready to cooperate in developing common approach to  protect EAEU internal market in case of pressure from third parties
Armenian government approves draft decision on increasing ANIF  authorized capitalArmenian government approves draft decision on increasing ANIF  authorized capital
Pashinyan: Formation of the common energy market of the EAEU is a  prerequisite for the full realization of the potential of economic  integrationPashinyan: Formation of the common energy market of the EAEU is a  prerequisite for the full realization of the potential of economic  integration
Official supplier of furniture for shops of number of world brands  and a pharmaceutical company received tax incentive from RA  Government Official supplier of furniture for shops of number of world brands  and a pharmaceutical company received tax incentive from RA  Government 
Water users will be reimbursed for rent for irrigation water for a  period of 5 years in the event of the introduction of drip irrigation  systems on an area of up to 3 hectaresWater users will be reimbursed for rent for irrigation water for a  period of 5 years in the event of the introduction of drip irrigation  systems on an area of up to 3 hectares
RA Minister of Economy did not rule out that Standard & Poor`s would assign credit rating to RA Minister of Economy did not rule out that Standard & Poor`s would assign credit rating to "Export Insurance Agency of Armenia" CJSC
S&P Improved the Outlook on Ameriabank to Positive S&P Improved the Outlook on Ameriabank to Positive 
S&P improves forecast for 2021 on Real GDP Growth in Armenia to 6.3%S&P improves forecast for 2021 on Real GDP Growth in Armenia to 6.3%
Expert: Building a 600 MW reactor would be the most appropriate  option for ArmeniaExpert: Building a 600 MW reactor would be the most appropriate  option for Armenia
Expert: It is reasonable to use stock exchanges for the formation of  market-based gas prices Expert: It is reasonable to use stock exchanges for the formation of  market-based gas prices 
Head of Ministry of Territorial Administration got acquainted with  work of  Agarak Copper-Molybdenum CombineHead of Ministry of Territorial Administration got acquainted with  work of  Agarak Copper-Molybdenum Combine
IMF stands ready to assist Government of Armenia in implementing its  ambitious reform agendaIMF stands ready to assist Government of Armenia in implementing its  ambitious reform agenda
Standard & Poor`s assigns sovereign rating to Armenia for the first  timeStandard & Poor`s assigns sovereign rating to Armenia for the first  time
Global Finance Names Ameriabank the Safest Bank in ArmeniaGlobal Finance Names Ameriabank the Safest Bank in Armenia
Revenue of the trade sector of Armenia for 8 months of 2021 exceeded  $ 4 billionRevenue of the trade sector of Armenia for 8 months of 2021 exceeded  $ 4 billion
Armenia will allocate more for military spending in 2022 than in  2021, but less than for servicing and paying off government debtArmenia will allocate more for military spending in 2022 than in  2021, but less than for servicing and paying off government debt
Armenia and Poland intend to intensify cooperation between startups  of two countriesArmenia and Poland intend to intensify cooperation between startups  of two countries
Global Finance names AraratBank the Best Sub-Custodian Bank in ArmeniaGlobal Finance names AraratBank the Best Sub-Custodian Bank in Armenia
Armenian government delegation to take part in Russian Energy WeekArmenian government delegation to take part in Russian Energy Week
Armenia participates in Europe`s largest trade fair for food within  EU4Business initiativeArmenia participates in Europe`s largest trade fair for food within  EU4Business initiative
Ambassador: Sweden welcomes the readiness of the Armenian government  to carry out systemic reformsAmbassador: Sweden welcomes the readiness of the Armenian government  to carry out systemic reforms
Read more


Exchange rates
22.10.2021
RUB6.750.05
USD476.480.01
EUR554.770.16
GBP657.690.21
CAD386.380.04
JPY41.850.08
CNY74.41-0.17
CHF519.891.37