ARMENIAN CENTRAL BANK NULLIFIES RUSSIA’S ZOLOTAYA KORONA PAYMENT SYSTEM

Vestnik Kavkaza
Oct 9 2012
Russia

The Central Bank of Armenia said that inspections had proven
unjustified denial of access to services of Zolotaya Korona in
Armenia. Its license was nullified, PanARMENIAN.net reports.

The Central Bank sent a letter to the operator with warnings. The
payment system threatens the financial system and payment abilities
of its clients.

Zolotaya Korona system operates at 7 banks and its infrastructure
includes 260 points.

Russia’s Migom was banned in September 2012 for similar reasons.