Armenia's banks start actively generating income from the card market
 Saturday, January 31 2015, 16:09
ArmInfo. Amid the deepening crisis phenomena in the economy and shrinkage of the loan market, Armenia's banking sector is able to keep generating profit due to the growth in non-interest income through increasing the commission fees in the card segment. This is the opinion of the analysts of the
Areximbank-Gazprombank Group starts issuing Visa payWave cards
 Monday, December 22 2014, 15:40
ArmInfo. For the first time in Armenia Areximbank-Gazprombank Group has started issuing Visa payWave contactless cards. The press service of Areximbank-Gazprombank Group reports that the cards will be accepted by the banks' 12 Yerevan-based contactless terminals no matter where issued. By spr
Areximbank-Gazprombank Group starts issuing Visa payWave cards
 Monday, December 22 2014, 15:40


ArmInfo. For the first time in Armenia Areximbank-Gazprombank Group has started issuing Visa payWave contactless cards. The press service of Areximbank-Gazprombank Group reports that the cards will be accepted by the banks' 12 Yerevan-based contactless terminals no matter where issued. By spring 2015 the bank is planning to redouble the number of such terminals. Visa payWave is a unique technology allowing to pay in a contactless manner: all you have to do is to bring the card close to a special reader. Visa payWave is based on EMV technology and is accepted by terminals all over the world, including Armenia's closest partners, Russia, Kazakhstan, Ukraine, Belarus and Georgia. According to ArmInfo's Armenian Banks in Card Business bulletin, Areximbank-Gazprombank Group is among the ten most active Visa and MasterCard issuers in Armenia: 20,000 and 12,000, respectively, as of Apr 1 2014 (9.1 and 36.5 respective growths as compared with Apr 1 2013). The bank has 316 POS-terminals (8th rank) and 79 ATMs (9th rank). The bank was the first to join Visa and the first to launch an Internet acquiring project in Armenia. The sole owner of Areximbank-Gazprombank Group is Gazprombank from Russia.

VTB Bank (Armenia) and MasterCard launch a joint bonus campaign for MasterCard holders
 Tuesday, December 16 2014, 17:49
ArmInfo. VTB Bank (Armenia) and MasterCard are launching a joint bonus campaign for the MasterCard holders among the customers of VTB Bank (Armenia). The press service of the Bank has told ArmInfo that by paying with MasterCards at any trade and service outlets from 15 Dec 2014 till 15 Mar 2015,
VTB Bank (Armenia) and MasterCard launch a joint bonus campaign for MasterCard holders
 Tuesday, December 16 2014, 17:49
ArmInfo. VTB Bank (Armenia) and MasterCard are launching a joint bonus campaign for the MasterCard holders among the customers of VTB Bank (Armenia). The press service of the Bank has told ArmInfo that by paying with MasterCards at any trade and service outlets from 15 Dec 2014 till 15 Mar 2015,
Areximbank-Gazprombank Group starts issuing Visa payWave cards
 Monday, December 22 2014, 15:40


ArmInfo. For the first time in Armenia Areximbank-Gazprombank Group has started issuing Visa payWave contactless cards. The press service of Areximbank-Gazprombank Group reports that the cards will be accepted by the banks' 12 Yerevan-based contactless terminals no matter where issued. By spring 2015 the bank is planning to redouble the number of such terminals.

Ardshinbank raises overdraft limit for salary cards by 10 times
 Thursday, December 11 2014, 18:26
ArmInfo. Ardshinbank has raised the overdraft limit for its salary cards by 10 times. The overdraft will be given in AMD and will have repayment preferences, like a grace period and monthly reduction. According to, Ardshinbank's Retail Business Manager Artur Polazyan, they give high priority to
ACBA-CREDIT AGRICOLE BANK announces results of draw among Visa Student cardholders and student loan borrowers
 Saturday, December 20 2014, 18:51
ArmInfo. ACBA-CREDIT AGRICOLE BANK has announced the results of the draw conducted among the Visa Student cardholders and student loan borrowers. The press service of the Bank has told ArmInfo that the draw winners among the student loan borrowers are Hovik Veranyan, Ruzanna Matevosyan, Robert S
On 20 December ACBA-CREDIT AGRICOLE BANK to hold annual prize draw ahead of the New Year among Visa Student cardholders and raffled off tuition fees
 Friday, December 19 2014, 15:48
Arminfo. ACBA-CREDIT AGRICOLE BANK will hold its traditional annual prize draw ahead of the New Year among Visa Student cardholders and raffled off six semester tuition fees, in 20 December, at 10:30 AM, in Moscow cinema, the bank's press office reported. All cardholders who have been active fr
VTB Bank (Armenia) and MasterCard launch a joint bonus campaign for MasterCard holders
 Tuesday, December 16 2014, 17:49
ArmInfo. VTB Bank (Armenia) and MasterCard are launching a joint bonus campaign for the MasterCard holders among the customers of VTB Bank (Armenia). The press service of the Bank has told ArmInfo that by paying with MasterCards at any trade and service outlets from 15 Dec 2014 till 15 Mar 2015,
Payment cards in Armenian market grew 0.3% in Q3 2014 amid 8.3% rise in plastic transactions
 Monday, December 15 2014, 16:45
ArmInfo. The number of payment cards in the Armenian market grew by 0.3% in Q3 2014 (up 7% versus Q3 2013) and totaled 1.6 mln. The amount of the plastic transactions rose by 8.3% in Q3 2014 (up 24% versus Q3 2013) to 877.9 bln AMD ($2.2 bln) in Jan-Sept 2014 (versus 376.2 bln AMD in Jan-Sept 20
Ardshinbank raises overdraft limit for salary cards by 10 times
 Thursday, December 11 2014, 18:26
ArmInfo. Ardshinbank has raised the overdraft limit for its salary cards by 10 times. The overdraft will be given in AMD and will have repayment preferences, like a grace period and monthly reduction. According to, Ardshinbank's Retail Business Manager Artur Polazyan, they give high priority to
Orange Armenia starts accepting online payments through ArCa, MasterCard and Visa cards
 Thursday, November 27 2014, 18:55
ArmInfo. Orange Armenia has started accepting online payments through ArCa, MasterCard and Visa cards. Ameriabank and Orange Armenia have jointly announced the launch of acceptance of online payments for Orange telecommunication services. The press service of Ameriabank has told ArmInfo that
Ardshininvestbank reopens its new and reconstructed Shengavit Branch
 Thursday, October 30 2014, 15:08
ArmInfo. Reopening of the modern, reconstructed and convenient "Shengavit" branch of "Ardshininvestbank" CJSC took place on 29th of October 2014 at Yerevan, 32 Garegin Njdeh street, Yerevan. As press-service of the bank reported, reopening of Shengavit branch is another step in the complex
VTB Bank (Armenia) Visa cardholder becomes winner of Summer with VTB campaign and gets a vacation package to Malta for two persons
 Tuesday, October 21 2014, 19:24
ArmInfo. VTB Bank (Armenia) and Visa have announced the winners of their Summer with VTB campaign on 21 October. One of the Bank's most active Visa cardholders, Gayane Babayan, who was selected on a random basis - through drawing - won a vacation package to Malta for two persons. The campaign w
VTB Bank (Armenia) Visa cardholder becomes winner of Summer with VTB campaign and gets a vacation package to Malta for two persons
 Tuesday, October 21 2014, 19:24
ArmInfo. VTB Bank (Armenia) and Visa have announced the winners of their Summer with VTB campaign on 21 October. One of the Bank's most active Visa cardholders, Gayane Babayan, who was selected on a random basis - through drawing - won a vacation package to Malta for two persons. The campaign w
ACBA-Credit Agricole Bank sums up CASHBACK QUEST results
 Monday, October 20 2014, 19:25
ArmInfo. ACBA-Credit Agricole Bank has awarded the winners of its CASHBACK QUEST, the most active holders of American ExpressR Cashback cards. The Bank's press-service told ArmInfo. The winner of the quest was Anzhela Stepanyan who collected the biggest number of bonus points and received a mon
Ardshininvestbank reopens its new and reconstructed Shengavit Branch
 Thursday, October 30 2014, 15:08
ArmInfo. Reopening of the modern, reconstructed and convenient "Shengavit" branch of "Ardshininvestbank" CJSC took place on 29th of October 2014 at Yerevan, 32 Garegin Njdeh street, Yerevan. As press-service of the bank reported, reopening of Shengavit branch is another step in the complex
The contract between ACBA-CREDIT AGRICOLE BANK and American ExpressR was resigned
 Monday, October 6 2014, 18:29
ArmInfo. ACBA-CREDIT AGRICOLE BANK and American Express have resigned the contract, which allows the Bank to continue exclusive issuance of American Express Gold, Blue and Cashback cards, as well as acquiring merchants onto American Express network in Armenia. The press service of ACBA-CREDI
The contract between ACBA-CREDIT AGRICOLE BANK and American ExpressR was resigned
 Monday, October 6 2014, 18:29
ArmInfo. ACBA-CREDIT AGRICOLE BANK and American Express have resigned the contract, which allows the Bank to continue exclusive issuance of American Express Gold, Blue and Cashback cards, as well as acquiring merchants onto American Express network in Armenia. The press service of ACBA-CREDI


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