YEREVAN, August 21. /ARKA/. The total amount of transactions made through Armenian Card (ArCA) payment system in 2012 July exceeded 62.2 billion drams, showing a 21 percent increase from the same month in 2011, the company told ARKA news agency in a press release.

Overall, more than 1.3 billion transactions were made, by 13 percent more from 2011 July.

Plastic cards issued by ArCa members, including Mastercards and Visa cards, were used to make
1,239,466 transactions worth 59.7 billion drams, a 20 percent rise from the previous month of June.

Visa cards issued by non-members were used to make about 4,900 transactions worth 2.7 billion drams, a 32 percent rise over the same month in 2011, while MasterCards were used to make 22,336 transactions worth 1.7 billion drams, a 45 percent growth.

Armenian Card CJSC was established on March 16, 2000 as a united national payment system.

Today 19 of Armenia’s 21 commercial banks participate in ArCa payment system. The company is a full member of MasterCard Europe international payment system. It also processes VISA and American Express (Third Party Processor) cards. ($1 – 410,97 drams). -0-