ArmInfo. Within the project of Armenia-Iran aerial (overhead) 400 kV capacity power transmission line   appropriate works on equipment purchase, ground works and poles mounting launched last year.

ArmInfo. The analysis of the bankcards market in Armenia in 2016 demonstrates a significant and even unprecedented growth in non-cash payments and particularly a tangible rise in e-commerce transactions. For the first time over the period of operation of the Armenian Card (ArCa) Unified Payment System, the sector of online banking and other non-cash operations has received a new serious impetus for development. Following the global trend, the bankcard holders (over 1.5 million cards have already been issued) start more actively using the e-commerce advantages, buying inexpensive and quality goods in the global and local online stores, ordering food, paying for communication and utility services conveniently and safely, and making other payments. This is the case, which is called a smooth and natural transition from quantity to quality. Most of the achievements have become possible due to the correct assessment of the market development vector and "efficiency" of both the commercial banks and the ArCa Unified Payment System. In an interview with ArmInfo, Armenian Card CEO Ishkhan Mkhitaryan speaks of the ArCa achievements in 2016, the projects implemented and the plans to be carried out in the near future.

ArmInfo. On Feb 7, the National Assembly of Armenia completed the discussions on the draft amendments to the Law "On Compulsory Funded Pension" in the first reading. The voting on the draft law will be held on Feb 8. 

ArmInfo. 

ArmInfo. Converse Bank puts  on Visa Card of a new generation - Visa Virtual Account, which gives  an opportunity to make online shopping and payments, avoiding the  risks connected with plastic cards, as well as releasing the  purchaser from the necessity of having a plastic card. 

ArmInfo. VTB Bank (Armenia)  makes an exclusive offer to its prime customers - Rosan Diamond  jewelry cards. The Bank's press office has told ArmInfo that the  cards operate on the Visa Infinite platform and include the package  of services offered by Visa and VTB Bank (Armenia).   

ArmInfo. VTB Bank (Armenia) announces campaign for all the Visa cardholders of the bank, who will participate in the 22nd Dubai Shopping Festival, which is being held between December 26, 2016 and January 28 2017, the press service of the bank has told ArmInfo. 

ArmInfo. Ameribank is  installing intellectual security systems on its ATMs. The press  service of the bank has told ArmInfo that the system is one of  efficient tools to prevent stealing of cash when breaking an ATM.  Particularly, in case of attempt of stealing money is painted with  indelible ink.  

ArmInfo. VTB Bank (Armenia) offers all its Visa and MasterCard holders a fast and convenient way to receive money transfers directly to the card by contacting the Bank's Call Center without visiting the braches. 

ArmInfo. Converse Bank announces about a new initiative connected with expansion of the opportunities and geography of usage of the Bank's payment cards, the press-service of the bank informs.

ArmInfo. Ameriabank within  strategic development of retail business jointly with Best Card  company launches cashback program for individuals giving them 20%  cashback from non-cash payments, Director Retail Banking of  Ameriabank Arman Barseghyan stated at the joint press conference of  Ameriabank and Best Card on December 13. 

ArmInfo. VTB Bank (Armenia)  and MasterCard international payment system announce the launch of a  pre-New Year campaign for MasterCard holders of VTB Bank (Armenia).  The campaign will last till 31 Dec 2016.    

ArmInfo. VTB Bank (Armenia)  informs that holders of Mastercard and Maestro can receive money  transfers from Russia easily, safely and conveniently via "VK"  (Vkontakte) social network. Due to this service both the sender and  recipient will save their time and resources sending and receiving  money in any convenient place twenty four hours a week without  visiting the Bank's branches. The transfers can be made in Russian  Rubles. The minimal amount of transfer is 100 RUR, the maximum  amount-75 thousand RUR, the press-service of the bank informs. 

ArmInfo. ACBA-Credit Agricole Bank launches ACBA QR new free mobile application   - https://www.acba.am/hy/individuals/distance-banking/acba-qr, which gives an opportunity to read out QR safely and without any advertisement taps.  According to the information shared to ArmInfo at the press-office of the Bank,  within the heplp of this application users will be able to recall previously read references per dates, to use those, to observe bank news and actual tariffs.

ArmInfo. VTB Bank (Armenia) and Visa company launched regular campaign on non-cash operations promotion- "A winter with VTB". The winners of the contest will get different prizez. As ArmInfo has been informed at the bank's press-office, all the Visa card holders of VTB Bank,as well as clients who will obtain the cards during the contest,  will automatically participate to the campaign.

ArmInfo. Ameriabank has  prepared a special offer for the healthcare sector representatives in  both private and public sectors, launching a credit line for doctors  on preferential terms, Andranik Khachatryan, head of the Yerevan branch  network at Ameriabank CJSC, said at the meeting of the National  Council of Young Doctors on November 19.  

ArmInfo. Within mandatory accumulative pension system the number of participants of the two pension funds-C-QUADRAT Ampega Asset Management Armenia and Amundi-ACBA- Asset-Management has reached 155 thousand people by November 1, 2016. 65 thousand of them are representatives of state sector and remaining 90 thousand of private sector. The press-service of the Armenia's Central Bank has told ArmInfo that from the moment of creation of these two funds (November 2013) their yield has reached 25.9% (the cost of one common share has grew from 1000 to 1259 drams). For the 10 months of 2016 yield of the pension funds totaled annual average 14.4%.

ArmInfo. New terms of motor third party liability (MTPL) insurance indemnities will come into effect in Armenia in April 2017. Vahan Avetisyan, CEO of the Armenian Motor Insurers' Bureau, presented the upcoming changes in MTPL insurance during a press conference on November 9. He said that in 1-1.5 years the customers will be able to conclude contracts and receive indemnities via up-to-date means of communication without visiting insurance companies.  

ArmInfo. Rostelecom supported holding of BarCamp informal conference (non-conference) on November 6 in Vanadzor Technology Center, the press-center of the company informs.

ArmInfo. VTB Bank (Armenia) and MasterCard international payment system have summed up the results of the joint "Let's Fly to the Maldives" campaign. The press- service of the bank has told ArmInfo that 100 most active holders of Cirrus/Maestro, MasterCard Standard and Gold MasterCard of VTB Bank (Armeni0a), who had made purchases via their cards (online purchases inclusive) amounted to 500.000 drams and more between June 15 and September 15, 2016 participated in the draw of prizes.