Wednesday, November 22 2017 16:06
Karine Melikyan

Armenian Central Bank: Non-cash plastic operations grew by 25% in the first 9 months of 2017, while overall transactions grew by 7.7%

Armenian Central Bank: Non-cash plastic operations grew by 25% in the  first 9 months of 2017, while overall transactions grew by 7.7%

ArmInfo. In Armenia, the  annual growth of non-cash transactions on plastic cards amounted to  25% in Jan-Sep 2017, slightly less than the dynamics of a year ago -  27%. According to the report of the Central Bank of Armenia, the  volume of non-cash card transactions for the reporting period  amounted to 189.7 billion AMD. In the third quarter of 2017 alone,  the volume of non-cash plastic operations changed from an upward 27%  to a downward trend of 10.1%, against an acceleration of growth from  21.5% to 40.7% in the third quarter of 2016.

The total volume of plastic transactions for the first 9 months of  2017 amounted to 1.1 trillion AMD, with the release of annual  dynamics from a 1.1% decline to a 7.7% rise, with a quarterly  slowdown in the uptrend from 21.1% to 3.9% . At the same time, the  number of cards turned down to 1.6 million units, with the annual  dynamics deteriorating from 3.9% growth to 7.6% decline, with a  slight slowdown in quarterly growth from 3% to 2.2%.

In the five-year period, the volume of non-cash plastic transactions  increased 3-fold, with the main growth - 2.1 times - in the last  three years. In the total volume of plastic transactions, the share  of non-cash transactions for the last five years (9 months of 2017 to  9 months of 2012) increased from 9.3% to 17.2%, which is caused by a  significant increase in Internet commerce and the banks taking such  effective measures to encourage non-cash transactions like CashBack  (refund of money from purchases).

On the Armenian plastic market, by October 1, 2017, Visa holds the  leading position in the number of cards - 35.7%, in the second  position, local cards ArCa - 32.8%, MasterCard account for 28.8%, and  the remaining 2.7% - is other international cards (HSBC, American  Express, Diners Club). Meanwhile, on an annual basis, Visa's share in  the total number of cards in circulation decreased from 44.2%, while  the share of ArCa and MasterCard increased from 30.1% and 23.1%,  respectively. In the five-year period (October 1, 2017, by October 1,  2012), the number of cards turned up grew by 36%, with the volume of  transactions increasing by 73.2%, with MasterCard leading by 2-3  times in terms of the rate of ascent of volume and quantity.   According to the Central Bank of Armenia, by October 1, 2017, there  are 583.5 thousand in Armenia. Visa, 535.8 thousand pcs. ArCa, 471.3  thousand pcs. MasterCard, and the number of other international cards  (mainly HSBC-cards, as well as AmEx and Diners Club) exceeds 44.7  thousand units. The annual deterioration in the dynamics of the total  number of cards from the growth to the recession was mostly caused by  the acceleration of the rate of Visa reduction - from 1.7% to 25.3%  and the continuation of the decline in other international cards -  from 2.1% to 2.9%, against the background which led ArCa out of the  down 1.9% to an upward 0.6%, while MasterCard's growth slowed from  28.8% to 15%.

The release of the annual dynamics of the volume of plastic  transactions for the 9 months of 2017 from a 1.7% decline in the 7.7%  growth was triggered by MasterCard and Visa, with the decline of ArCa  and other international cards. Thus, according to MasterCard, the  annual growth in the volume of transactions accelerated from 13.6% to  29.7%, according to Visa transactions went from 0.1% decline to 6.5%  growth, according to ArCa transaction from 1% growth slipped to a  4.7% decline, and on other international cards - the sub-dynamics  slowed from 63% to 43.5%. According to the volume of transactions,  the leadership is retained by Visa from 2011 - 522.7 billion AMD for  9 months of 2017, the second place of MasterCard - 314.4 billion AMD,  the third ArCa - 249.4 billion AMD, and other international cards the  volume of transactions amounted to 16.1 billion AMD. In the five-year  period, the growth in volume was recorded in transactions with  MasterCard - 3 times and Visa - 2 times, against which the growth of  transactions with ArCa looks too modest- 22.4%. At the same time, the  volume of transactions with other international cards (HSBC-cards,  AmEx and Diners Club) after the annual ascent with the acceleration  of rates in 2012-2015, began to drop sharply from 2016, with the  minus dynamics remaining in 2017.

As of October 1, 2017, there were 7,239 POS-terminals in Armenia, of  which 770 are located in head offices and branches of banks. In the  annual section, the total number of POS-terminals increased by 6.5%  or 445 pcs. ATMs on the above date were 1402 pcs with an annual  decline of 6.1% or 91 pcs. In the five- year section, the number of  ATMs increased by 24.8% or 279 units, and POS-terminals - by 16.7% or  1037 units. The number of trade / service points where ATMs or POS  terminals are installed has ceased to be published by the Central  Bank since 2015, but at the end of 2014 there were 6619 of which 3694  in retail outlets and 275 in hotels.  Central Bank is the majority  shareholder of ArCa, then ACBA-Credit Agricole Bank, Armeconombank  and Ardshinbank are the major holders of the shares, and the  remaining banks own 2% each. 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. Intersystem interaction provides for mutual  acceptance of NPS maps in the infrastructures of two countries: ArCa  cards in Russia, MIR maps in Armenia, and the issue of ArCa-MIR  cobeydge cards. In Armenia, three banks have started issuing chip  payment cards ArCa-MIR: Ardshinbank (since September 2017),  Ameriabank (in late August 2017), ACBA-Credit Agricole Bank (since  October 2017).

POST A COMMENT
Input digits     


News
Deputy Prime Minister Mher Grigoryan spoke with WB Regional Vice  PresidentDeputy Prime Minister Mher Grigoryan spoke with WB Regional Vice  President
Prime Minister reported on the problems in the Zangezur  Copper-Molybdenum CombinePrime Minister reported on the problems in the Zangezur  Copper-Molybdenum Combine
Ameriabank Launches Placement of New Bond Issues for USD 20 Million and AMD 5 Billion Ameriabank Launches Placement of New Bond Issues for USD 20 Million and AMD 5 Billion 
In Armenia, the number of terminated CMPTL contracts jumped 2.5 times  YoY in the first quarter of 2021 In Armenia, the number of terminated CMPTL contracts jumped 2.5 times  YoY in the first quarter of 2021 
MP from the MP from the "My Step" faction: Forecasts of the impending  depreciation of the dram have no economic basis 
Expert: Talk about the construction of a new nuclear power plant in  Armenia does not go beyond political rhetoricExpert: Talk about the construction of a new nuclear power plant in  Armenia does not go beyond political rhetoric
Ardshinbank together with Visa launched an electronic wallet within the Мobile banking appArdshinbank together with Visa launched an electronic wallet within the Мobile banking app
Melkumyan: Melkumyan: "Velvet" government failed in the modernization program of  Metsamor NPP 
Armenia`s trade sector was in decline in January-February 2021Armenia`s trade sector was in decline in January-February 2021
Revenue of the Armenian communications sector in January-February  2021 sank by 4.7% per annumRevenue of the Armenian communications sector in January-February  2021 sank by 4.7% per annum
Passenger transportation in Armenia delayed in decline due to the  coronacrisisPassenger transportation in Armenia delayed in decline due to the  coronacrisis
Get now, pay later, now the same priceGet now, pay later, now the same price
Armenia`s steel industry was in decline by March 2021Armenia`s steel industry was in decline by March 2021
Armenia reduced electricity generation by 5.8% per annum in  January-February 2021Armenia reduced electricity generation by 5.8% per annum in  January-February 2021
Expert: The Central Bank`s initiative is a signal to Expert: The Central Bank`s initiative is a signal to "money bags" or  life under the microscope
RA Issued Eurobonds Are Now Traded on Armenia Securities ExchangeRA Issued Eurobonds Are Now Traded on Armenia Securities Exchange
Armenia`s manufacturing industry continues to sinkArmenia`s manufacturing industry continues to sink
Two-year monitoring of the online labor exchange indicates the  restoration of business optimism-Vahan KerobyanTwo-year monitoring of the online labor exchange indicates the  restoration of business optimism-Vahan Kerobyan
SRC of Armenia encourages decent taxpayersSRC of Armenia encourages decent taxpayers
Converse Bank. New campaign for womenConverse Bank. New campaign for women
Pashinyan to EBRD President: The re-commissioning of transport  communications could help implement new joint projectsPashinyan to EBRD President: The re-commissioning of transport  communications could help implement new joint projects
“Evocabank” CJSC’s bonds have been listed on Armenia Securities Exchange for the first time“Evocabank” CJSC’s bonds have been listed on Armenia Securities Exchange for the first time
 Optimism of the authorities contrary to official statistics: What  will the Armenian economy face? Optimism of the authorities contrary to official statistics: What  will the Armenian economy face?
The Central Bank of Armenia announces its intention to intervene in  the foreign exchange market for the second time in 2021The Central Bank of Armenia announces its intention to intervene in  the foreign exchange market for the second time in 2021
On April 12, Ameriabank will start placing the next tranches of USD  and AMD bonds in the amount of $ 20 million and 5 billion dramsOn April 12, Ameriabank will start placing the next tranches of USD  and AMD bonds in the amount of $ 20 million and 5 billion drams
Ardshinbank and Visa offer smart Visa payment rings for the first time in ArmeniaArdshinbank and Visa offer smart Visa payment rings for the first time in Armenia
Armenia`s unemployment rate drops to 16% in 2020Armenia`s unemployment rate drops to 16% in 2020
Armenia`s SRC: The number of registered micro-entrepreneurship  entities increased by 18% Armenia`s SRC: The number of registered micro-entrepreneurship  entities increased by 18% 
The inflow of foreign investment into the Armenian economy has  declined by 39 in 2020%The inflow of foreign investment into the Armenian economy has  declined by 39 in 2020%
Ex-Minister: Creating a centralized register of bank accounts is an  attempt to adapt the Rolls-Royce engine to your own dreamEx-Minister: Creating a centralized register of bank accounts is an  attempt to adapt the Rolls-Royce engine to your own dream
Armenia`s foreign trade turnover decreased in January-February 2021  by 12.2% per annumArmenia`s foreign trade turnover decreased in January-February 2021  by 12.2% per annum
The financial regulator sees the feasibility of introducing a  centralized register of bank accountsThe financial regulator sees the feasibility of introducing a  centralized register of bank accounts
Armenia`s foreign trade turnover with the EU countries has been  delayed in declineArmenia`s foreign trade turnover with the EU countries has been  delayed in decline
Armenia`s national debt is approaching $9 billionArmenia`s national debt is approaching $9 billion
Armenia`s consumer market recorded inflation of 3.8% in Q1 2021 with  5.2% y-o-y inflation Armenia`s consumer market recorded inflation of 3.8% in Q1 2021 with  5.2% y-o-y inflation 
Up to 150 million cubic meters of Russian gas to be supplied to  Armenia through AzerbaijanUp to 150 million cubic meters of Russian gas to be supplied to  Armenia through Azerbaijan
IDBank offers the most flexible and profitable conditions for mortgage borrowersIDBank offers the most flexible and profitable conditions for mortgage borrowers
Armenia reduced exports of copper ore, increasing exports of zinc and  molybdenum concentrates and ores containing precious metalsArmenia reduced exports of copper ore, increasing exports of zinc and  molybdenum concentrates and ores containing precious metals
Russia and Brazil became the main sugar import markets for Armenia in  2020Russia and Brazil became the main sugar import markets for Armenia in  2020
EU Ambassador and Armenian NPP leadership discussed opportunities for  expanding cooperationEU Ambassador and Armenian NPP leadership discussed opportunities for  expanding cooperation
Deputy Minister: Unblocking of economic ties and transport  communications in the South Caucasus is beneficial to all partiesDeputy Minister: Unblocking of economic ties and transport  communications in the South Caucasus is beneficial to all parties
Moscow plans to discuss the prospects of creating logistics centers  for groupage cargo from ArmeniaMoscow plans to discuss the prospects of creating logistics centers  for groupage cargo from Armenia
Ardshinbank upgrades its branches in Hrazdan and DilijanArdshinbank upgrades its branches in Hrazdan and Dilijan
Armenia`s gross international reserves exceeded $3 billion for the  first time with a 33% jump in FebruaryArmenia`s gross international reserves exceeded $3 billion for the  first time with a 33% jump in February
Armenia and Malta move to eliminate double taxationArmenia and Malta move to eliminate double taxation
Armenian tax officials report over-fulfillment of quarterly tax  collection plan: Finance Ministry promises to take new heightsArmenian tax officials report over-fulfillment of quarterly tax  collection plan: Finance Ministry promises to take new heights
New WB forecast: Armenia ranks second in terms of GDP growth in 2021  among the EAEU countries, and at the rate of 2022 it shares the lead  with KyrgyzstanNew WB forecast: Armenia ranks second in terms of GDP growth in 2021  among the EAEU countries, and at the rate of 2022 it shares the lead  with Kyrgyzstan
New forecast of the Central Bank of Armenia for 2021: GDP growth by  1.4%, export growth by 1-3%, import decline 2-4%, unemployment rate  18.6%New forecast of the Central Bank of Armenia for 2021: GDP growth by  1.4%, export growth by 1-3%, import decline 2-4%, unemployment rate  18.6%
Telecom Armenia summed up the results of the <Coding skills> project Telecom Armenia summed up the results of the project 
The Armenian Stock Exchange is once again recognized as the The Armenian Stock Exchange is once again recognized as the "Best  Stock Exchange in the South Caucasus"
World Bank improves Armenia`s GDP growth forecast for 2021 to 3.4%World Bank improves Armenia`s GDP growth forecast for 2021 to 3.4%
The Central Bank of Armenia predicts an increase in the net inflow of  private transfers in the range of 7-9 in 2021%The Central Bank of Armenia predicts an increase in the net inflow of  private transfers in the range of 7-9 in 2021%
Ardshinbank on April 6 will put up for sale a tranche of AMD and  dollar bonds in the amount of 3.3 billion drams and $10 millionArdshinbank on April 6 will put up for sale a tranche of AMD and  dollar bonds in the amount of 3.3 billion drams and $10 million
 Ameriabank Got Quality Excellence Award 2020 from Raiffeisen Bank  International Ameriabank Got Quality Excellence Award 2020 from Raiffeisen Bank  International
UBA, A. Ananyan: There are no prerequisites for the emergence of  UBA, A. Ananyan: There are no prerequisites for the emergence of  "mortgage bubbles" 
UBA, A. Ananyan: In 2021, the fight against the consequences of the  coronavirus-generated crisis will continueUBA, A. Ananyan: In 2021, the fight against the consequences of the  coronavirus-generated crisis will continue
UBA, A. Ananyan: The share of non-performing loans may grow to 10%  from the current 6.6% UBA, A. Ananyan: The share of non-performing loans may grow to 10%  from the current 6.6% 
Fitch confirmed Armenia rating at the level of Fitch confirmed Armenia rating at the level of "B +" with a stable  outlook, waiting in 2021 GDP growth by 3.2%
The later the economy will be restored, the higher the probability of  a foreign exchange rate and yield of bonds The later the economy will be restored, the higher the probability of  a foreign exchange rate and yield of bonds 
Minister: 580 subvention programs totaling AMD 26.2 billion were  implemented in Armenia in 2020Minister: 580 subvention programs totaling AMD 26.2 billion were  implemented in Armenia in 2020
Read more


Exchange rates
14.04.2021
RUB6.860.13
USD519.34-0.09
EUR620.923.01
GBP715.030.03
CAD413.851.11
JPY47.640.13
CNY79.460.10
CHF563.642.40