Thursday, December 12 2019 19:57
Karine Melikyan

Non-cash bank card transactions show unprecedented growth for the  second year in a row

Non-cash bank card transactions show unprecedented growth for the  second year in a row

ArmInfo. For the second year in a row, an unprecedented growth has been recorded in the bank card market of Armenia. According to the Central Bank of the Republic of  Armenia, according to the results of 9 months of 2019, as in the same  period of the past, the growth of non-cash payments amounted to about  48% per annum.

In the total volume of plastic transactions (1.7 trillion drams), the  share of non-cash transactions over the past five years has increased  from 10.5% to 24.3%, amounting to 413.9 billion drams in the first 9  months of 2019.

According to independent analysts, the growth of cashless payments is  due to the increase in popularity and, as a result, a significant  increase in online trading, as well as the active introduction by  banks and the National Payment System of Armenian Card of convenient  for the population, especially youth, mobile and web applications for  managing accounts and instant payments . At the same time, banks  continue to use such effective marketing technologies to encourage  cashless transactions as CashBack and other motivational loyalty  promotions. These growing innovations are taking place against the  background of a significant and even aggressive growth in credit  retail, the bulk of which is provided by banks through card accounts. 

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000