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.

ArmInfo.The Armenian Card CJSC has announced its plans to stop operating the arca.am  application. 

ArmInfo.

ArmInfo.The Armenian Parliament held a discussion on the topical issue of banking tariffs. This problem  becomes quite acute due to the transition to a significant growth of non-cash transactions in the country, associated with the adoption of a law regulating non-cash circulation a year ago and actually obliging economic entities to accept non-cash payments for goods and services. 

ArmInfo. The Armenian Parliament held a discussion on the topical issue of banking tariffs. This problem becomes quite acute due to the transition to a significant growth of non-cash transactions in the country, associated with the adoption of  a law regulating non-cash circulation a year ago and actually  obliging economic entities to accept non-cash payments for goods and  services. 

ArmInfo.For the first time in the years of formation and development of the bankcard market in  Armenia, following the results of 9 months of this year, the volume of non-cash bankcard transactions exceeded the volume of cash transactions.

ArmInfo.

ArmInfo. In Armenia, Acba Bank and Converse Bank are starting to issue cards of the China UnionPay  system. Let us remind you that Acba Bank has been servicing China UnionPay cards since October 2019. ArmInfo was informed by Acba Bank and Converse Bank.

ArmInfo.Dear compatriots of Artsakh, Ardshinbank has taken a series of measures to ensure your convenience and access to financial operations.

ArmInfo.In connection with the situation resulting from the forced resettlement of the Armenians of Artsakh, IDBank has created a privileged package of banking services developed specifically for our compatriots from Artsakh.

ArmInfo.As early as July 1, in the frames of the IDsalary package from IDBank, customers will have an opportunity to cash out free of charge not only at IDBank ATMs, but also at ArCa system banks.

ArmInfo.

ArmInfo.