March 12, 2014 - 13:43 AMT
Areximbank-Gazprombank Group to boost ties with VISA payment system

Areximbank-Gazprombank Group CJSC will continue active cooperation with VISA international payment system, the bank’s deputy general director said.

According to Ruben Khachatryan, since 2002, Areximbank has issued over 102000 VISA cards.

"Only in 2013, the bank issued 12000 VISA cards, with the card-related turnover at non-Arexmibank ATMs totaling 25%, up from the 2012 results, while the turnover at the bank's ATMs grossed 23% against last year's results.

The sector of payment cards service points is also showing active improvement, with 78 ATMs, 30 cash points, 249 trade terminals and 26 virtual terminals established as of Dec 12, 2013," the bank's official said.

At present, Areximbank-Gazprombank Group CJSC is among Armenian banking system leaders in card business sector. The bank offers a range of modern technologies including e-bank system, Telecard system which allows a card holder to track account balances via text messages, card-to-card transfers, internet acquiring, among others.

Areximbank-Gazprombank Group CJSC is the principal member of VISA and MasterCard international payment systems, a member of ARCA local payment system. The bank emits VISA Electron, VISA Classic, VISA Gold, VISA Business, Maestro, MasterCard Standard and MasterCard Gold cards as well as 2 products of the ARCA system: Сlassic and ARCA pension cards.