YEREVAN, December 12. /ARKA/. ArCa Armenian payment system issued 35,799 plastic cards in November 2011 – 78.1% year-on-year growth, the company’s press office reported on Monday.

Of them, 15,567 were ARCa cards (134.7% year-on-year increase), 9,167 Visa cards (13.7% increase) and 11,065 MasterCard cards (104.8% growth) in November 2011.

The number of active cards for transactions exceeded 746,000 in November – 34.6% year-on-year growth.

Transactions were effected on 433,424 cards in November 2011 against 364,135 in November 2010.

Of them, 282,080 are ArCa cards (29.7% growth), 124,303 Visa cards (34.6%) and 96,104 MasterCard cards (76.9%).

The cards on which transactions were effected made up 67% of the total number of active cards of all types in November 2011.

Armenian Card CJSC was established on March 16, 2000 as national system of payments on plastic cards.

Today 19 of Armenia’s 21 commercial banks participate in ArCa payment system.

There are various ArCa-based products – ArCa Debit, ArCa Classic, ArCa Gold, ArCa Business, ArCa Affinity, ArCa Co-branded, ArCa Platinum as well as ArCa pension cards.

The company is a full member of MasterCard Europe international system. It also process VISA and American Express (Third Party Processor) cards. ($1 = AMD 382.67). –0—