Acba Bank Partners with BNY Mellon to Expand International Transfer Capabilities

ArmInfo.  Acba Bank has announced a strategic partnership with one of the world’s leading financial institutions, The Bank of New York Mellon (BNY Mellon). This collaboration aims to expand the bank's international network and streamline cross-border transactions in US dollars.

Key Benefits for Clients:

• For Businesses: Corporate clients engaged in import and export operations now have enhanced opportunities to conduct USD transfers for a wider range of goods and services, facilitating smoother international trade.
• For Individuals: Private retail customers also gain expanded access and more flexible options for making international transfers in US dollars.

Key Trade Categories: Through this partnership, customers can now make international USD transfers specifically for the purchase of:

• Vehicles and transportation equipment;
• Electronics and components (computers, processors, monitors, mobile phones, etc.);
• Timber and wood products;
• Petroleum products.

Service Availability: International transfers via BNY Mellon are available through:

1. The acba digital mobile app for 24/7 access.
2. Any branch of Acba Bank across Armenia.

This cooperation is expected to boost the growth of Armenian companies involved in foreign trade and enhance the efficiency of local businesses in global markets.