Volume of transactions by plastic cards makes AMD 36,223mln

ARKA news Agency, Armenia
May 18 2007

VOLUME OF TRANSACTIONS BY PLASTIC CARDS IN ARMENIA MAKES AMD
36,223MLN

YEREVAN, May 18. /ARKA/. The volume of transactions with all types of
plastic cards in Armenia made AMD 36,223 with the number of 839,402
in the first quarter of 2007.
According to the statistics of the Central Bank of Armenia (CBA), the
volume of transactions by cards increased by 1.51 or AMD 12,234mln,
and the number by 1.45 or 260,046 transactions as compared to the
same period in 2006.
The cashless transactions by cards made AMD 2,828mln against AMD
1,991mln in the 1st quarter of 2006.
According to the CBA, the number of transactions with local ArCa
cards made 404,792 to the amount of AMD 12,617mln. As compared to the
same period in 2006, the volume of transactions increased by 1.69 or
AMD 5,163mln, and the number – by 136,093 transactions or 1.51 times.

During the 1st quarter of 2007, the number of transactions with VISA
cards made 274,648 totaling AMD 15,295mln. As compared to the 1st
quarter of 2006, the volume of transactions increased by 1,43 or AMD
4,610mln and the number of transactions – by 1.44 or 83,915.
During the accounting period, 49,511 transactions were performed by
international MasterCard to the amount of AMD 3,186mln, thus
increasing by 1.5 times in the volume and 1.75 times in the number of
transactions.
110,451 transactions totaling AMD 5,135mln were performed by means of
other international plastic cards. As compared to the same period in
2006, the volume of transactions increased by 1.37 and the quantity –
by 1.2 times.
As of March 2007, the number of plastic cards in circulation in
Armenia made 232,762 against 209,113 at the beginning of the year.
($1 – AMD 354.86). L.M. -0–