Wednesday, November 8 2017 20:26
Alina Hovhannisyan

Converse Bank launched new service for non-cash shopping ShoppingCard

Converse Bank launched new service for non-cash shopping ShoppingCard

ArmInfo. Converse Bank offers its customers a payment card that is unique at the market - Shopping Card.

According to the press service of the Bank, the Shopping Card is a credit card that has no analogues in Armenia. It has been specifically developed for shopping and is provided to customers free of charge. It allows the customers to buy any product from the Bank's partner network with a credit limit at 0% annual interest rate, making the purchase in non-cash manner", said the Bank's Retail Business Director Grigori Baghdasaryan.

The maximum amount of the credit limit is AMD 2 million and the maximum term is 36 months.

"The lending decision is made within 15 minutes, on the basis of the response received in the result of processing the customer's personal data by the automated scoring system. In case of a positive decision, the customer immediately receives the credit card required for purchase of the necessary product", - added G. Baghdasaryan.  Currently, Converse Bank's partner network includes Elordado, Coala, ES Furniture, and Bianchi stores, and this network will be expanding continuously.

To recall, Converse Bank has been operating in the Armenian market since September 1996. As of July 1, 2017, the Bank's shareholders are Advanced Global Investments LLc (hand-Eduardo Ernekian) - 80.94%, HayPost Trust Management B.V. - 14.06%, the Cathedral of the Mother See of Etchmiadzin - 5%.

POST A COMMENT
Input digits     


News
Following  two Armenian officials` visit to Tbilisi, another 55  Armenian trucks receive permission to leave for RussiaFollowing  two Armenian officials` visit to Tbilisi, another 55  Armenian trucks receive permission to leave for Russia
EDB:  Armenia`s Central Bank may tighten monetary policy due to  increased risks of external inflation from the Middle East escalation EDB:  Armenia`s Central Bank may tighten monetary policy due to  increased risks of external inflation from the Middle East escalation 
Economy Minister, State Revenue Committee Chair of Armenia  seeking solutions to address issues with Armenian cognac  export  through Georgia Economy Minister, State Revenue Committee Chair of Armenia  seeking solutions to address issues with Armenian cognac  export  through Georgia 
Revolutionary step in Armenian capital market: Ameriabank gains direct access to AMXTreader  Trading system for its clientsRevolutionary step in Armenian capital market: Ameriabank gains direct access to AMXTreader  Trading system for its clients
New NNP to supply electric energy at higher price - PSRC chairman New NNP to supply electric energy at higher price - PSRC chairman 
Armenia`s premier, ArmCham discuss investments to improve business environmentArmenia`s premier, ArmCham discuss investments to improve business environment
RA State Revenue Committee exposes tax evasionRA State Revenue Committee exposes tax evasion
366 trucks with Armenian apricots cross Russia`s customs border 366 trucks with Armenian apricots cross Russia`s customs border 
Armenia`s minister of economy, head of State Revenue Committee travel to Georgia Armenia`s minister of economy, head of State Revenue Committee travel to Georgia 
USD transactions up, RUB ones down in Armenia`s interbank foreign exchange market June 16 to 20USD transactions up, RUB ones down in Armenia`s interbank foreign exchange market June 16 to 20
Goar Barseghyan: Armenia, Russia complement each other in terms of food securityGoar Barseghyan: Armenia, Russia complement each other in terms of food security
Mher Grigoryan: We need to think more about logistics and  consolidationMher Grigoryan: We need to think more about logistics and  consolidation
RA government establishes state-owned CJSC to manage 15% of  shares of Ayg-1 solar power plant RA government establishes state-owned CJSC to manage 15% of  shares of Ayg-1 solar power plant 
Armenian authorities to provide additional financing to EFSD grant program aimed at preventing the spread of COVID-19Armenian authorities to provide additional financing to EFSD grant program aimed at preventing the spread of COVID-19
RA State Revenue Committee receives additional financing for excise stamps RA State Revenue Committee receives additional financing for excise stamps 
Armenia could close its sky for Russia in case of Eurointegration -  RF vice-premier Armenia could close its sky for Russia in case of Eurointegration -  RF vice-premier 
Rosatom Service delivers 1,500 tons of new equipment to Armenian NPPRosatom Service delivers 1,500 tons of new equipment to Armenian NPP
IDBank and Henley & Partners Successfully Held the “Invest Beyond Borders: Global Mobility & Private Banking” Event in YerevanIDBank and Henley & Partners Successfully Held the “Invest Beyond Borders: Global Mobility & Private Banking” Event in Yerevan
AraratBank holds Annual  General Meeting of Shareholders AraratBank holds Annual General Meeting of Shareholders
Pashinyan will not attend EAEU forum in Minsk on June 26-27Pashinyan will not attend EAEU forum in Minsk on June 26-27
Ruling party MP: The Committee on Economic Affairs does not currently  have a bill regarding the nationalization of the Ruling party MP: The Committee on Economic Affairs does not currently  have a bill regarding the nationalization of the "Electric Networks  of Armenia" in circulation
Decline in mortgage lending in Armenia due to canceled reimbursement of income tax Decline in mortgage lending in Armenia due to canceled reimbursement of income tax 
Acba Bank to allocate AMD 6bln to payment of dividends for 2024 Acba Bank to allocate AMD 6bln to payment of dividends for 2024 
Armenian trucks with brandy cross Armenian-Georgian border - State Revenue CommitteeArmenian trucks with brandy cross Armenian-Georgian border - State Revenue Committee
Tashir Group of Companies sees no risks for its business in RussiaTashir Group of Companies sees no risks for its business in Russia
Economy Minister  on the situation around cognac products: We are  ready to undergo international expertiseEconomy Minister  on the situation around cognac products: We are  ready to undergo international expertise
New head of IMF mission in Armenia meets with Minister of Territorial  Administration and InfrastructureNew head of IMF mission in Armenia meets with Minister of Territorial  Administration and Infrastructure
Economy Minister receives IMF delegation Economy Minister receives IMF delegation 
PSRC fines Electric Networks of Armenia 10 million dramsPSRC fines Electric Networks of Armenia 10 million drams
Francoise Jacob: Armenia can prove itself as a regional leader in tourism and biodiversity at COP17Francoise Jacob: Armenia can prove itself as a regional leader in tourism and biodiversity at COP17
Ardshinbank Continues to Expand Its Network of Modern BranchesArdshinbank Continues to Expand Its Network of Modern Branches
RA Central Bank tyring to resolve housing problem for border region residents RA Central Bank tyring to resolve housing problem for border region residents 
EAEU has proved its efficiency over last 10 years - EEC minister EAEU has proved its efficiency over last 10 years - EEC minister 
Armenia`s Central Bank predicts slower GDP growth of  5.1-4.6% in  2025, with a significant decline in exports and imports Armenia`s Central Bank predicts slower GDP growth of  5.1-4.6% in  2025, with a significant decline in exports and imports 
CB Governor: Armenian banking system currently has no issues in managing potential risksCB Governor: Armenian banking system currently has no issues in managing potential risks
RA CBA Chairman: The factor of the Iranian-Israeli conflict may lead  to an increase in the refinancing rateRA CBA Chairman: The factor of the Iranian-Israeli conflict may lead  to an increase in the refinancing rate
Pashinyan, IMF mission chief discuss joint programsPashinyan, IMF mission chief discuss joint programs
Armenia believes in its long-term effective cooperation with  IMFArmenia believes in its long-term effective cooperation with  IMF
Armenia to reduce its domestic debt from 2025 on - minister Armenia to reduce its domestic debt from 2025 on - minister 
Armenia, Iraq to sign memorandum of understanding in culture and tourism Armenia, Iraq to sign memorandum of understanding in culture and tourism 
Armenia`s Central Bank once again left refinancing rate unchanged at 6.75%Armenia`s Central Bank once again left refinancing rate unchanged at 6.75%
Armenia, Germany strengthening regional cooperationArmenia, Germany strengthening regional cooperation
Opposition MP meets with IMF reps, concerned over threats to  Armenia`s economy Opposition MP meets with IMF reps, concerned over threats to  Armenia`s economy 
Converse Bank Partners with IFC to Boost Trade Finance Capabilities Converse Bank Partners with IFC to Boost Trade Finance Capabilities 
Rosselkhoznadzor concerned over regular violations of quarantine  norms in flowers imported from Armenia Rosselkhoznadzor concerned over regular violations of quarantine  norms in flowers imported from Armenia 
Approximately 28,000 declarants received reimbursement for social expenses totaling 2.5 billion drams:  PashinyanApproximately 28,000 declarants received reimbursement for social expenses totaling 2.5 billion drams:  Pashinyan
Armenia`s Cabinet of Ministers  discussing  new Tax Code Armenia`s Cabinet of Ministers  discussing  new Tax Code 
Ameriabank Partners with HIF Yerevan 2025 to Boost Hospitality Investment in ArmeniaAmeriabank Partners with HIF Yerevan 2025 to Boost Hospitality Investment in Armenia
Side by Side: IDBank Launches New Program for women forcibly displaced from ArtsakhSide by Side: IDBank Launches New Program for women forcibly displaced from Artsakh
Armenia  not planning to enter the Eurobond market 6 times in 2025  and 2026.Armenia  not planning to enter the Eurobond market 6 times in 2025  and 2026.
Finance Minister  talks about possible impact of Iran-Israel conflict  on Armenia`s economyFinance Minister  talks about possible impact of Iran-Israel conflict  on Armenia`s economy
 Armenian freight carriers face challenges due to Iranian-Israeli  conflict  Armenian freight carriers face challenges due to Iranian-Israeli  conflict 
Armenia plans to reduce its budget deficit to 1% by 2030: Finance  MinisterArmenia plans to reduce its budget deficit to 1% by 2030: Finance  Minister
WB launches water-supply and irrigation improvement programme in  Armenia WB launches water-supply and irrigation improvement programme in  Armenia 
Construction model for new nuclear power unit to be determined after  survey - official Construction model for new nuclear power unit to be determined after  survey - official 
Armenia`s minister of economy on rise in labor productivity in 2024 Armenia`s minister of economy on rise in labor productivity in 2024 
SCR launches Yerevan-Batumi-Yerevan international routeSCR launches Yerevan-Batumi-Yerevan international route
In  Armenia`s insurance market, the loss ratio for OSAGO  decreased  to 73.2% by June 2025In  Armenia`s insurance market, the loss ratio for OSAGO  decreased  to 73.2% by June 2025
Dollar transactions decreased and ruble transactions increased in  Armenian interbank foreign exchange market, June 9-13, 2025Dollar transactions decreased and ruble transactions increased in  Armenian interbank foreign exchange market, June 9-13, 2025
Armenian Deputy PM, World Bank representatives discuss key areas of  collaborationArmenian Deputy PM, World Bank representatives discuss key areas of  collaboration
Read more
Exchange rates
23.06.2025
RUB4.930.01
USD386.080.40
EUR442.60-1.78
GBP516.54-3.94
CAD279.99-1.45
JPY26.09-0.43
CNY53.71-0.01
CHF471.69-0.44