ArmInfo.Armenian Card CJSC has lunched the ArcaQR system - a unified QR payment system enabling instant payments from bank accounts with a single scan, as noted in a statement issued by Armenian Card. It is stated that the official launch of the ArcaQR system took place on September 30, 2020, with Ardshinbank, Ameriabank, Converse Bank, Araratbank, Evocabank, and Armeconombank immediately announced that they are joining the system.
Vardan Khachatryan, Executive Director of Armenian Card CJSC, stated: "ArcaQR is another step toward fostering a cashless payment culture in Armenia. We are confident that QR code payments will become part of everyday life, offering consumers convenience, businesses an easy and accessible payment methods, and partner banks a way to increase mobile app usage."
Mihran Muradyan, Ardshinbank Management Board Member and Director of Small and Medium Business Development, added: " "The creation of the ArcaQR system is a significant step in ensuring the continuity, security, and reliability of payment infrastructures. Ardshinbank highly values the launch of ArcaQR and is pleased to be part of the system, offering alternative and secure payment options to promote cashless culture, meet customers' daily banking needs, and enhance their overall experience and service quality."
Arman Barseghyan Retail Banking Director Ameriabank's d noted: " We are pleased to join the ArcaQR initiative, which marks an important step not only toward improving customer service but also ensuring balanced and sustainable growth across the entire system. Ameriabank consistently implements innovative solutions that promote cashless payments and enhance convenience for customers. We believe that a unified QR payment system will further expand digital payment adoption and improve customer experience."
Aram Baloyan, Director of Retail Business at Converse Bank, noted: " "Converse Bank prioritizes the development of bank account services and the Converse Mobile app as core digital channels. From this perspective, expanding and advancing payment tools and infrastructures in the market, as well as developing 24/7 services around national payment systems, is of great importance. We are proud to be among the first to join the new ArcaQR system and remain committed to broadening our digital services with alternative payment tools."
Tatevik Khachatryan, Deputy Chairperson of the Management Board of Evocabank, noted: "For Evocabank, as a digital bank, connecting to the ArcaQR system is crucial, as developing the payments sector is one of our strategic priorities. We are confident that using ArcaQR will make payments more convenient, faster, and more secure."
Mher Ananyan, Chairman of the Management Board and Executive Director of Ararat Bank emphasized that the addition of the ArcaQR payment instrument is a major achievement for the entire system. He said, " The more accessible Armenian Card's national payment tools become to customers, the stronger the system's stability and trust. We are pleased that AraratBank is part of this initiative, supporting its implementation and growth."
Armeconombank Deputy CEO Vahe Ghazaryan commented "For Armeconombank, joining the ArcaQR system is an important step toward offering simpler, more convenient, and modern payment solutions. Innovation lies at the heart of our strategy - not only improving customer experience but also promoting a cashless payment culture. We believe ArcaQR will ensure speed, comfort, and security for our clients' digital transactions."
Recall that shortly before the launch of the ArcaQR system, the Armenian Card national payment system introduced a new innovative product, ArCa Pay, in November 2024. This is an efficient, secure, and convenient platform for instant transfers between clients of Armenian banks and payment organizations. Ameriabank, Evocabank, Converse Bank, and AMIO Bank immediately joined the system. The immediate plans include connecting virtually all banks and payment organizations in Armenia to this system.
