Ardshinbank Joins ArcaQR System: Payments Directly from Bank Accounts

ArmInfo. “Armenian Card” CJSC introduced the ArcaQR system, enabling payments via QR code with a single scan, directly from a bank account.

On September 30, ArcaQR was officially launched, making everyday payments simple and convenient for everyone.

Ardshinbank has also joined the launch of the ArcaQR system project.

Vardan Khachatryan, Executive Director of “Armenia Card” CJSC, stated:

“ArcaQR is our next step in promoting a cashless payment culture in Armenia. We are confident that QR payments will become part of everyday life, offering convenience to consumers, simple and affordable payment solutions to businesses, and increased mobile app usage for our partner banks.”

“The creation of the ArcaQR system is a significant step in ensuring the continuity, security, and seamless operation of payment infrastructures. Ardshinbank highly values the launch of the ArcaQR system and is pleased to participate, offering alternative and secure payment solutions to promote a cashless payment culture, meet customers’ daily banking needs, and enhance their experience and service quality,” said Mihran Muradyan, Member of the Board and Director of SME Business at Ardshinbank CJSC.

Ardshinbank is the leading bank in Armenia. It provides a wide range of universal banking services, providing solutions in the areas of retail, corporate, investment, as well as private banking and asset management. Ardshinbank serves approximately 570․000 customers through a dedicated team of over 2300 employees. The bank operates a powerful multi-channel service delivery and sales platform with 72 branches, comprehensive mobile and online banking systems.

The bank has the widest branch network in the country, as well as a representative office in Paris. Ardshinbank is the only company in Armenia holding ratings awarded by three leading rating agencies: Standard & Poor's (BB- (Stable)), Moody's (Ba3 (Stable)) and Fitch (BB- (Stable)), all on the level of the sovereign.