YEREVAN, October 7. /ARKA/. The Yerevan-based VTB Bank (Armenia) has launched today another service- cashback- ‘in order to stimulate non-cash payments’ saying also that the service makes payment for everyday purchases and services not only faster and convenient, but also profitable.

The Russian-owned bank said that beginning from October 2016, all holders of VISA and MasterCard cards issued by VTB Bank (Armenia) get cashback- a compensation for non-cash transactions in "Cashback N1" trading network (details can be found on http://onecard.am/best-partners.html ).

It said there are 300 trade and service outlets in Armenia where holders of these cards will be awarded cashback in the amount of 15.9% of the transaction.

The cashback amount will be credited to the card account of the client before the 15th of each month for non-cash transactions carried out during the previous month.

For more information about the service cardholders can visit VTB Bank (Armenia) branches or log to www.vtb.am website and also call 87-87 telephone number.

VTB Bank (Armenia) was acquired by Russian VTB group in April 2004. It runs 67 branches across Armenia, more than any other local bank.-0-