YEREVAN, August 10. / ARKA /. The number of  transactions made in Armenia in the first half of 2020 by using banking cards grew  by 22.8% compared to the first half of 2019, Executive Director of the Union of Banks of Armenia (UBA) Seyran Sargsyan said at a press conference on Monday.

Overall, some 19.7 million transactions were made using bank cards during this period and for the first time the number of non-cash transactions exceeded the number of cash ones.

In terms of volume, non-cash payments accounted for 26% of the total volume of transactions. At the same time, in the first half of the year, the volume of cash transactions  amounted to 420.7 billion drams, which is 3.3% or 14.3 billion drams less than in the same period in 2019. The volume of non-cash transactions increased by 25.4% or 35.4 billion drams  to 174.4 billion drams.

Seyran Sargsyan said also  that the number of payment terminals increased by 10.6%. "This means that those outlets that want to accept cards as means of payment also show interest, having installed another 1,183 payment terminals," he said. ($ 1 - 485.00 drams). -0-