VTB Bank (Armenia) launched the first ATMs with a cash-in function and recycling simultaneously

ArmInfo. VTB Bank (Armenia), offering its customers modern and technological products and services, put into operation the first ATMs with cash-in and recycling at the same time.

As ArmInfo explained to the press service of the Bank, the new ATMs allow all cardholders of VTB Bank (Armenia) not only to withdraw money from their bank card, make payments, money transfers, etc., but also instantly replenish cards in cash.

Advantages of an ATM with the Cash-in function are as follows: quickness - cash is instantly credited to the card; efficiency - for one transaction, you can deposit up to 90 notes simultaneously (not by the piece, but by a bundle), with different denominations, which makes the replenishment process more convenient and quick.  New ATMs are equipped with the option of issuing cash to customers funds from other cash customers made earlier in ATM. According to the 16th issue of the analytical review "Armenian banks in  card business "prepared by IC ArmInfo, VTB Bank (Armenia) maintains leadership in the number of active cards, both general, and MasterCard and Visa, as well as the volume of plastic transactions. So, on October 1, 2017, the Bank has almost 334 thousand cards, of which over 181 thousand are MasterCard and about 153 thousand are Visa. For 9 months of 2017, the volume of plastic transactions on VTB Bank (Armenia) cards was 181.2 billion drams, of which about 93% or 167.2 billion are ATM transactions. The Bank managed to increase the volume of plastic transactions in the annual cut by 13.5%, and ATM transactions by 14%. Until 2013, VTB Bank (Armenia) issued and serviced only international VISA cards, and since September of that year, having become a full member of the international payment system MasterCard Worldwide, started issuing and servicing Cirrus / Maestro and MasterCard cards, along with servicing and local ArCa cards. VTB Bank (Armenia) has its own processing.

It should be noted that VTB Bank (Armenia) CJSC became a participant in the international financial group VTB in April 2004. At present, VTB Bank, the second largest bank in Russia, owns 100% of VTB Bank (Armenia). The Bank is traditionally one of the leaders of the banking system of the Republic of Armenia in terms of key indicators.  The coverage of the branch network of VTB Bank (Armenia) has 67 branches with presence not only in the capital, but also in all regions of the country.