YEREVAN, February 3, /ARKA/. As part of its policy to expand the range of service the Yerevan-based Conversebank has unveiled today Visa Virtual Account payments cards, designed for those clients who prefer online purchases.

Visa Virtual Account cards allow customers to make safe online purchases and payments, avoiding the risks associated with plastic cards.

According to a bank press release, customers who prefer Visa Virtual Account will be provided with online accounts and card data to make online purchases. The card has a daily limit of use, which the client can change, thereby reducing the risks. The three-year maintenance fee is only 1000 drams.

Visa Virtual Account cards can be controlled via online banking, making transfers and watching the flow of funds and the account balance. In order to keep track of transactions and account balance, card data can be registered in Arca.am system. Armenian drams, US dollars, Euros and Russian rubles.

Converse Bank, registered in 1993 is owned by Argentina-based Advanced Global Investments LLC (80.94%), the Armenian Apostolic Church (5%) and the national postal operator Haypost (14.06%).
Conversebank’s assets at the end of 2016 stood at 191.3 billion drams (20.4% growth), liabilities – at 158.8 billion drams (a decline of 15%). In 2016 it earned 1.8 billion drams in net profit (a growth of 376%). ($ 1 - 485.91 drams). -0-