ArmInfo. IDBank offers its clients contactless cards payWave - Visa Classic and Visa Gold, through which cashing out of funds in ATMs of all member banks of the ArCa system is carried out with a zero commission. Moreover, for transfers from card to card in ATMs and through virtual ArCa cards, there is also a zero fee. At the same time, a positive balance of the card account is charged up to 4% per annum.
As the press service of the Bank informs, through the cards of the Visa payWave system it is possible to make transactions in all shopping centers where there are special POS-terminals. Moreover, if the amount of payment does not exceed 10 thousand drams, the card can only be tapped to the post-card, which means that there is no need to transfer the card to the cashier, there is also no need to sign, use the passport and enter the PIN code.
"Today, a bank card is the safest and most convenient way of making payments or withdrawing cash anywhere in the world. We studied the needs of our customers and introduced a convenient and profitable product. Transactions through the Visa payWave system are quick, easy and convenient. And one more advantage of this proposal is that during transactions on cards the client can also use the SMS service free of charge, which implies receiving information regarding the transaction, " IDBank's Retail Business Director Vardan Gevorgyan noted.
According to the 17th issue of the analytical survey "Armenian Banks in the Card Business" prepared by ArmInfo, the number of active IDBank cards exceeded 45 thousand by April 1, 2018, about 18 thousand of which - ArCa and more than 22 thousand - Visa, and the rest 5 thousand - MasterCard. The Bank increased the total number of active cards by 35% y-o-y due to a significant increase in the number of Visa and MasterCard (by 71-61%). During the reported period the bank issued about 12 thousand cards, of which 9 thousand are Visa cards. The total volume of plastic transactions of IDBank exceeded 31 billion drams by the end of 2017, of which over 17 billion - is ATM transactions. The bank has 155 own POS-terminals and 52 ATMs, mostly located in the capital. IDBank (former name Anelik Bank) was the first among Armenian banks to issue and service international Visa and Mastercard along with local cards.
To note IDBank (until May 31, 2018, called Anelik Bank) has been operating in the Armenian market since October 1996. The shareholders of the Bank are: Cyprus company FISTOCO LTD with a stake of 59.68% and Lebanese Bank CreditBank S.A.L - 40.32%. Indirect majority shareholders are physical persons: Tarek J. Khalefe (CreditBank S.A.L) and Vartan Dilanyan (FISTOCO LTD).