Annual Report 2019
thousand of
CENTRAL BANK OF ARMENIA
Payment instruments and payment
and settlement organizations
In 2019 the Central Bank issued activity license to two payment
and settlement organizations.
According to the decision of the Central Bank, the "UnionPay
International” system has been included in the list of assessed foreign
payment systems, making it possible to service the cards of the
Chinese "UnionPay" system in the territory of the Republic of Armenia.
As of the end of 2019, a total of 16 commercial banks in
Armenia have issued payment cards to and provided card servicing of
their customers. The number of cards in circulation has increased by
18.1% and amounted to 2.4 million (see Figure 7).
Figure 7:
The number of payment cards in circulation,
2007-2019
1000
800
600
400
200
0
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
2018 2019
ArCa
ANNUAL
REPORT 2019
42
VISA
MASTER CARD
Other international
cardsView entire presentation