Ameriabank proceeds to issue cards with OTP PIN

ArmInfo.Ameriabank proceeds to issue cards with OTP PIN (one time password). As the press service of the bank explained to ArmInfo, when issuing these cards, there is no need to provide an envelope with a PIN code, since the cardholder has the opportunity to set a one-time password received via SMS to the number registered in the bank.

Another advantage of an OTP PIN code that is convenient for the card holder is that if the client forgets the password, there will no longer be a need to re-issue the card, since the forgotten PIN code can be replaced with a new one at any Ameriabank ATM. According to the 18th issue of the analytical review "Armenian Banks in the Card Business" prepared by ArmInfo IC, Ameriabank had 107.3 thousand cards as of October 1, 2018, of which Visa has over 74 thousand, and MasterCrad - about 24 thousand. ., and local ArCa - about 10 thousand pieces. According to the number of active international cards, Ameriabank is in the TOP-5, increasing their number in annual terms by 36.3% or by 26 thousand units. For plastic transactions, the bank also entrenched in the TOP-5, providing for 9 months of 2018 a volume of 146.3 billion drams with an annual growth of 33.6%. In the leading five, Ameriabank is also entrenched in terms of ATM transactions - 92.4 billion drams for the first 9 months of 2018, with an annual growth of 19.2%. Ameriabank leads in the number of its own POS- terminals - 2203 pcs. with an annual growth of 45.8% or 692 units, as well as by the number of metropolitan ATMs - 99 ATM with an annual growth of 12.5% or 11 units. Ameriabank ranks TOP-3 in terms of online card transactions - 10.7 billion drams for 9 months of 2018 with an annual growth of 69.8%. The bank issues and services both local ArCa cards and international Visa and MasterCard. Ameriabank has been operating in the Armenian market since October 31, 1996. The shareholders of Ameribank on April 1, 2019 are the Ameria Group CY Ltd. - 56.53%, EBRD - 17.77%, Asian Development Bank - 13.97%, ESPS Holding Limited - 11.73%. The branch network of Ameriabank totals 18 divisions, of which 11 are metropolitan.