Armenia

Armenia’s fintech sector has experienced a significant surge in development, fueled largely by tech-savvy youth and overall economic growth. This has resulted in Armenia becoming a showcase for robust payment …

In recent years, Armenia’s fintech sector has experienced a significant surge thanks to a young, tech-savvy population, supportive government policies and overall economic growth. Key areas like payments, lending, insurtech, …

Big Data is one of the biggest buzz words in the tech world right now. In Armenia, however, most companies have yet to adopt Big Data technologies. In fact, experts …

New York-based blockchain technology company Blocktech and the French University in Armenia have announced the launch of the country’s first academic blockchain laboratory. The laboratory will undertake an interdisciplinary study …

Armenia has become only the second country in the world (after Singapore) to launch the Payment Express system. The system, also known as PayX, is a single payment system that …

Armenian Mind, a company based in Armenia and known for producing smart wallets, is now looking to expand production to other accessories. The company is currently in negotiations with three …

Converse Bank will support several FinTech startups that participated at the ‘Sevan Startup Summit 2018’. The bank will prioritize innovative thinking and the introduction of novel approaches in the economy. …

Evocabank has launched a new online lending service through its mobile application. SingleTouch loans, available to customers 24 hours a day/7 days a week, are given in local currency at …

VTB Bank (Armenia) is now offering its customers new and technological services at ATMs. Customers of the bank can now use ATMs to withdraw money, make payments, execute money transfers …

The Armenian government has not approved amendments to the ‘Law on the Development of Digital Technologies’ or the ‘Law on State Registration of Legal Entities, Separated Subdivisions, Enterprises of Legal …

Yerevan-based Converse Bank has introduced its free-to-use mobile application called Converse Mobile, which allows customers to manage their accounts at any time of day from anywhere in the world. Using …

Ariadne, a London-based regulatory technology (regtech) designer, is hoping to test an innovative regulatory and compliance platform in the Armenian financial sector. Regtech has been growing fast in recent years; …

Customers of Anelik Bank can now use the Idram payment service to make payments on their loans at any time of the day. This can be done via the website …

Ardshinbank has become the first in Armenia to begin issuing the ArCa-MIR chip payment cards, which are  serviced in both Armenia and Russia. The main purpose the joint cards is …

In May 2017, the Central Bank of Armenia announced that it would put into circulation new composite banknotes that offer a higher degree of security and are of a better …

VTB Bank Armenia, which has the largest branch network in Armenia, has become one of the first banks in the country to make use of the EarlyOne remote queue management …

Ashot Osipyan, CEO of Araratbank, announced his bank’s NewBank strategic development program which will transform the bank into a classic, digital and investment bank. Within the classic commercial bank structure …

The Central Bank of Armenia has included MIR, the national payment card system of Russia, in its register of active payment and settlement systems. The move is part of a …

Ameriabank organized a panel discussion in April 2017 with telecommunication and bank sector experts to discuss the slow development of e-commerce in Armenia. Arman Barseghyan, head of retail banking at …

The digital transformation of the Central Bank of Armenia will include the use of Intellect’s Quantum Central Banking System (QCBS). The QCBS will modernize and streamline business processes across multiple …