Russia and CIS Payment Cards Yearbook

Armenia - Summary

Armenia Market Overview

  
Armenia Payment Organizations Armenian Card (ArCa).
   
Armenia Domestic Card Brand ArCa
   
Armenia Market Structure The Central Bank of the Republic of Armenia plays a key role in the payment card system as majority-owner of ArCa.

Nearly 60% of non-cash payments are credit transfers, with card payments accounting for 13%.

Cards per capita are growing from a small base, but reached only 0.18 in 2009.
   
Armenia Major Issuers Armeconombank (82,755 active cards), Ardshininvestbank, Converse Bank and HSBC Bank Armenia (48,072).
   

Armenia Key Statistics 2009

  
Armenia Population 3.23 million
Armenia Cards Total: 579,400 (over 90% are debit cards)

 

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