Tag Archives: Payments

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 …

The automated teller machine (ATM) turned 50 years old this June. In celebration of its 50th anniversary, here are little-known facts about the ATM: The first “cash-dispenser” was installed in …

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 …

Due to an era of low interest rates, banks in Poland found it difficult to compete with prices and, thus, began competing with innovations. Unlike in other markets, Polish Fintech …

British company Worldpay has developed and is testing a mobile application that allows for payments to be received via smartphones which support an NFC device. These mPOS terminals were developed …

Silk Way Bank in Azerbaijan has launched a new mobile app called TaxFree4U. The app facilitates the process of refunding VAT after travelling to European countries, specifically Italy, Spain, France, …

The decrease in demand for cash and the growth of criminal attacks on ATMs have made many banks in the Netherlands and other European Union (EU) countries consider decreasing the …

A Russian law on the mandatory transition to new cash register equipment has came into force on July, 2016, with the goal of optimizing state control and better tax regulation. …

Bitcoin is gaining popularity as an alternative to traditional money, and the virtual currency is starting to gain popularity at different businesses around the world. Here is a list of …

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 …

Ameriabank has teamed up with Drops LLC to develop the new Drops application, which allows for automated payments to be made using a payment card. The Drops application works by …

Unibank has launched a new version of its Unibank Mobile application for iOS and Android tablets. This last version adds few more functionalities to the previous version. Now the application …

International Bank of Azerbaijan (IBA) has been nominated for the ‘Bank-Leader in e-Commerce Development’ award and the ‘Bank-Leader in Infrastructure on Contactless POS-Terminals’ award. The awards are part of a …

BLender, an Israeli-based lending platform active in Italy, Israel and Lithuania, is planning to expand its operations to two additional Baltic countries and Southeast Asia this year. BLender funds loans …

Mastercard has teamed with Turkish mobile retailer Getir for the first Masterpass payment system via Facebook’s Messenger application. Getir (“Get here”) allows users to receive delivery of 600+ everyday items …

In summer 2016, Armenia’s ArCa and Russia’s The World signed a memorandum of understanding to serve each other’s cards. The roadmap was signed in November 2016, with pilot implementation of …

Keep an eye on the following trends to stay ahead of the curve. Removing friction from the customer journey – “smoother customer experience”; Rise of insurtech According to Meaghan Johnson, “There …