ArmInfo. Ardshinbank, continuing the development of remote services, provides an opportunity to make simple and secure payments through the PayX system, which is already available in the Mobile Banking application.
As stated in the official message of the bank, in order to make PayX payments at points of sale and service you need to select PayX in the <Operations> section of Mobile Banking, attach a card, scan the QR code and make a payment with one click. Meanwhile, the application provides the ability to make payments, including through the cards of member banks of the ArCa system.
You can get acquainted with the constantly expanding list of points of trade and service accepting PayX payments by clicking on the following link https://merchants.payx.am.
To recall, in December 2018, the PayX mobile application was launched in Armenia within the framework of the project on creating a single infrastructure for mobile payments. The project's initiators and co- founders are experienced banker Smbat Nasibyan and technology expert Beniamin Tadevosyan. As S. Nasibyan told ArmInfo correspondent, the final goal of the PayX project is to bring non-cash card circulation in Armenia to 50-60% with coverage of services not previously involved in the mobile payment system.
"Today, this figure still makes up 10-20% of the total volume of card transactions," he said. According to the analytical review "Armenian Banks in the Card Business", prepared by ArmInfo IC, Ardshinbank is in the TOP-5 by the total number of active cards - over 194 thousand pieces as of October 1, 2018, with the second position held by the number of Visa and MasterCard cards, respectively 120 thousand and 68.2 thousand. The bank has increased the total number of cards by 12.8% y-o-y. In terms of the volume of plastic transactions, Ardshinbank, holding onto the TOP-5, moved up from 5th to 4th position - 167.2 billion drams for 9 months 2018 with an increase of 62.9% per annum. In terms of the number of ATMs and the volume of ATM transactions, the bank entrenched itself in the TOP-3 - 150 ATM, the volume for 9 months 2018 - 151.1 billion drams (y-o-y growth of 55.5%). Ardshinbank was one of the first to issue ArSa-MIR cobaging cards. The bank, along with issuing and servicing local Ar‘a cards, issues and services international Visa and MasterCard cards.
To note, Ardshinbank was founded in 2003. Arinshinbank's majority shareholders are Arins Group LLC (this is renamed LLC Business Investment Center LLC) with a 67.97% share in the capital and REGION Industrial Finance Corporation CJSC - 29.52%. Ardshinbank is the second largest bank in Armenia, having one of the largest branch networks, covering both the capital and all regions of Armenia. Ardshinbank is the only private institution in Armenia that has been assigned ratings by two international rating agencies (Moody's and Fitch), equal to the country rating of Armenia.