ArmInfo.

ArmInfo. The national payment system Armenian Card has announced the introduction of another innovative product, ArCa Pay. According to the company's statement, ArCa Pay is a simple, fast, easy and safe platform for making instant transfers between clients of Armenian banks and payment settlement organizations.

ArmInfo.

ArmInfo.IDBank participated in the HR Expo 2024, presenting its exclusive solution for the payroll system, the IDsalary package. HR Expo 2024 is a B2B event in Yerevan that brings together business founders, HR enthusiasts, and People Ops professionals to explore the latest products, services, and advanced management tools. The one-day event is a key opportunity to share knowledge and explore new trends in HR management technologies and solutions.

ArmInfo. We have conducted several meetings with the company that operates the Sotk mine, which  has resulted in reinstatement of certain employees in their positions, as stated by Karen Sargsyan, the Governor of the Gegharkunik region, during a conversation with reporters.  He noted that at this point, new jobs have already been created. , Sargsyan said.

ArmInfo.Using the Idram&IDBank app has become more convenient than ever. From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app.

ArmInfo.AraratBank announces the launch of the campaign under the slogan "Back to School with AraratBank" to help the Bank's cardholders prepare for the new academic year and offer an opportunity to win nice prizes.

ArmInfo. RA Prime Minister Nikol Pashinyan visited the Syunik region of Armenia yesterday, where  he got acquainted with the progress of the work carried out in the region on subsidy programs and other projects.

ArmInfo.At the moment, the reduction of the key rate does not affect interest rates on loans.  Head of the Central Bank of Armenia Martin Galstyan stated during a press conference on June 11.

ArmInfo.Russia is working to resume the launch of Mir cards in Armenia and Kyrgyzstan. As TASS  reports, stated by Deputy Minister of Foreign Affairs of Russia Alexander Pankin at the St. Petersburg International Economic Forum (SPIEF).

ArmInfo. Since the beginning of 2024, the number of pensioners using cashback for 10% of non-cash purchases has increased significantly. Minister of Labor and Social Affairs of the Republic of Armenia Narek Mkrtchyan stated on June 3 during parliamentary hearings on the results of the budget implementation of Armenia last year.

ArmInfo. On May 16, Prime Minister of the Republic of Armenia Nikol Pashinyan received  EUCommission Executive Vice-Preside,Trade Commissioner Valdis  Dombrovskis.

ArmInfo.The refusal of some countries to service Russian Mir bank cards does not meet the common interests, says Elvira Nabiullina, Governor of the RF Central Bank. According to her, Russia continues to explain to partners that everyone is interested in creating "working payment systems."

ArmInfo. Moscow notes with regret that Yerevan bowed to West's pressure on the issue of servicing cards of the MIR payment system. This was stated on April 3 during a weekly briefing by spokesperson of the Russian Ministry of Foreign Affairs, Maria Zakharova, when asked to comment on the termination of service of MIR cards in Armenia.

ArmInfo.The Kremlin does not regard the refusal of Armenian banks to service Russian Mir cards as  an unfriendly step, but explains this decision by pressure from the United States, follows from a statement by spokesperson of the Russian President Dmitry Peskov.

ArmInfo.The South Caucasus Railway will suspend the sale of tickets using MIR cards from March 30. 

ArmInfo. The link between the national card systems of Armenia and Russia - ArCa and MIR - will be suspended from March 30. 

ArmInfo.Ardshinbank offers an exclusive promotion: "Make cashless purchases, get 10% cashback on your Ardshinbank card." This special offer is available only from March 25th to March 31^st included and is open to holders of all Ardshinbank cards except Meghu and ArCa Sas cards.

ArmInfo.The share of non-cash transactions in 2023 increased to 51% of the total volume In the Armenian plastic card market, (from 40% in 2022), to 3.2 trillion drams ($7.9 billion) in absolute terms. Moreover, the y-o-y growth rate of the volume of non-cash transactions accelerated from 69.7% to 2-fold. The increase in the share of non-cash transactions with Armenian cards resulted from a legislative restriction on cash transactions introduced from July 1, 2022. 

ArmInfo.As of January 1, 2024, the total number of cards in the Armenian plastic market reached more than 3.722 million cards,  with a y-o-y growth of 17%. At the same time, micro- processing cards with an NFC chip have increased 3-fold over three years, including by 24% in 2023 (versus 45% in 2022), amounting to 2.6 million cards, with their dominance growing in the total number of cards to almost 70%, by data from the Central Bank of the Republic of Armenia.