ArmInfo. VTB Bank (Armenia) launches the Premium upgrade campaign, within the framework of which it will provide MasterCard Gold cards to its customers at the tariffs of MasterCard Standart cards. According to the press service of the bank, the campaign will last until October 30, 2019.
In particular, the campaign will allow both potential cardholders and existing ones (in case of reissuing a card) to receive MasterCard Gold cards with annual servicing of 5.9 thousand drams (instead of 25 thousand drams) or monthly servicing of 590 drams (instead of 2.5 thousand drams). According to the report, MasterCard cards of VTB Bank (Armenia) work not only on a chip medium, but also using contactless technology, which, unlike magnetic tape cards, provides the highest level of security, protecting cardholder information from unauthorized use. In addition, it is very simple to pay for purchases with a contactless card, as MasterCard contactless payment POS-terminals or paypass technologies are available all over the world. Moreover, when paying for purchases up to AMD 10 thousand (equivalent in foreign currency) with a MasterCard contactless card, you do not need to enter a PIN code, due to which the payment with a MasterCard contactless card is made in seconds.
MasterCard Bank cards are multicurrency, which involves the attachment of accounts in 4 major currencies - in drams, in US dollars, in euros and in Russian rubles. They can be used in more than 1 million ATMs and make cashless payments in more than 32 million retail and service outlets around the world. Detailed information on the terms and conditions of the campaign can be found in the branches of VTB Bank (Armenia), on the official website www.vtb.am and in the Bank's Contact Center at 87-87.
According to the 19th issue of the analytical review "Armenian Banks in the Card Business" prepared by ArmInfo IC, VTB Bank (Armenia) maintains leadership in the number of active Visa and MasterCard cards, as well as in the volume of ATM transactions, occupying the 2nd position in total volume plastic transactions and the number of ATMs. As of April 1, 2019, the bank had 379.2 thousand cards, of which 234.1 thousand MasterCard and 145.1 thousand Visa. The volume of plastic transactions on Bank cards exceeded 278.3 billion drams by the end of 2018, of which 253.3 billion drams were ATM transactions, and 8.9 billion drams were Internet transactions. The number of ATMs of VTB Bank (Armenia) as of April 1, 2019 is 170, of which 80 are installed in the capital and 90 in the regions of Armenia. Of these ATMs, 15 are equipped with a cash-in function. The bank has its own processing, tied to the processing of VTB Group.
It should be noted that VTB Bank (Armenia) CJSC became a member of VTB International Financial Group in April 2004. Currently, the second largest VTB Bank PJSC in Russia owns 100% of the shares of VTB Bank (Armenia). The Bank traditionally ranks among the leaders of the banking system of the Republic of Armenia by its main indicators. In terms of coverage of the branch network, VTB Bank (Armenia) maintains leadership, both in terms of their total number and regional divisions.