ArmInfo.Customers making cashless purchases with AraratBank Arca cards will receive a 2% cashback on the previous month’s cashless transactions starting February.

ArmInfo. In the Armenian plastic card market, cashless transactions have exceeded cash transactions, accounting for 56% of the total volume (compared to  52.3% in 2024, 51% in 2023, and 40% in 2022), totaling 4.2 trillion drams ($11 billion) in absolute terms, according to data from the  Central Bank of Armenia.

ArmInfo. As of January 1, 2026, Armenian plastic market had over 5 million cards, with the  annual growth decreasing from 16.3% to 15.8%. Meanwhile, microprocessing cards with NFC chips experienced a slowdown in growth from 32% to 25%, totaling 4.3 million, which accounts  85% of the total number of cards, according to data from the Central Bank of  Armenia.

ArmInfo.  "This measure does not concern price regulation. It concerns cashback for non-cash purchases using ArCa National Payment System cards," Armenian Deputy Finance  Minister Edgar Mkrtchyan stated at a press conference on December 26,  answering a question from an ArmInfo correspondent about whether the  legislator has provided mechanisms to curb the rise in prices and  annual service fees for ArCa cards, given the projected increase in  the number of people wishing to purchase these cards, following the  Cabinet's adoption of a cashback program for ArCa card purchases.

ArmInfo.  On December 25, the Armenian government approved measures and procedures for cashback on non-cash transactions using ArCa National Payment System cards. Starting in 2026, cardholders will receive a 2% cashback. Pensioners  and individuals receiving benefits will also receive an additional 2%  on non-cash purchases when paying with an ArCa card, in addition to  the already established 20% cashback.

ArmInfo.  On December 25, the Armenian government will approve measures and procedures for refunding cashless payments made by individuals through the ArCa  payment system, managed by Armenian Card CJSC.

ArmInfo.  Armenian Card CJSC reports that technical issues have been detected with Armenia's internet channels, which is why some online transactions are not being certified.

ArmInfo. As of October 1, 2025, the Armenian plastic market contained over 4.7 million cards, with an annual growth rate of 15%. Moreover, the number of  microprocessing cards with NFC chips has almost doubled in three years, including a 26% year-on-year increase, reaching 3.9 million,  or 83% of the total number of cards, according to data from the Central Bank of Armenia.

ArmInfo.  The national payment system Armenian Card (ArCa) will soon start issuing  co-branded cards with the international payment systems MasterCard  and Union Pay. ArCa Technical Director Aghasi Vardanyan shared this  information during the session titled "ArCa as a Center of  Attraction" at the International PLUS Forum FinnoWay Armenia 2025.

ArmInfo. Technological digitalization in Armenia is developing steadily and  has already reached the institutional level. Deputy Chairman of the  Central Bank of Armenia Hovhannes Khachatryan told reporters during  the opening of the International PLUS Forum FinnoWay Armenia 2025.

ArmInfo.Fast, convenient and secure payments with QR codes are now available.  AraratBank is among the first banks to have joined ArcaQR. To make a payment with ArcaQR, scan the QR with AraratMobile and make an instant payment via all POS terminals of banks connected to the ArcaQR system. 

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.

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

ArmInfo.Make transfers with ArcaPay and win one of the gifts. 

ArmInfo.  It is difficult to classify what is happening in the non-cash payments market of Armenia. Apparently, the system has encountered what is commonly called a complete lack of professionalism and an unprecedented indifferent attitude to what is  happening on the part of the Central Bank, the management of the  Armenian Card National Payment System itself and other government  agencies for the country's financial market. In the last few months,  the system has been constantly shaking, payments are not going  through, serious failures are occurring, and the public is becoming a  victim of all this confusion.

ArmInfo.  Armenian Card reports that there are currently issues with Internet channels, causing E-commerce transactions to be unavailable. Additionally, as noted in a message  from Armenian Card, there are also some problems with the operation  of other services that utilize the Internet channel.  Armenian Card  apologizes for the inconvenience and will provide further updates as  they become available.

ArmInfo. By January 1, 2025, there were over 4.3 million cards in the plastic market of Armenia, with an annual growth of 16.3%. During the same period,  microprocessing cards with an NFC chip have increased by 2.3 times  over three years, with a 31% increase in 2024 (compared to 24% in  2023), totaling 3.4 million units or 79% of the total number of  cards, as evidenced by data of RA Central Bank. 

ArmInfo. In the plastic card market of Armenia, cashless transactions established themselves as the dominant force in 2024, accounting for 52.3% of the total volume (compared to 51% in 2023 and 40% in 2022), totaling 3.6 trillion drams ($9.1 billion) in absolute terms. This is evidenced by data from the Central Bank of the Republic of Armenia.

ArmInfo. Following the neutralization of the  factor, the Armenian card market returned to its usual  growth path, experiencing a slowdown in economic growth. However, the market segment saw a significant quantitative and qualitative rise in 2022-2023, providing a high level of dynamism to key indicators. This  is stated in the next jubilee 30th analytical bulletin , prepared by the financial analysis department of ArmInfo Information Company over the past 15 years.

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.