Limit of contactless payments without entering PIN code via IDBank’s Visa cards is 20,000 AMD

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 17:49,

YEREVAN, APRIL 23, ARMENPRESS. Contactless payments are more than applicable nowadays. From now on, the limit for making a payment without entering the PIN code for newly issued cards is 20,000 AMD.

To pay via IDBank’s Visa payWave cards at different stores, you just need to keep the card near the POS terminal.

With this step, IDBank allows its customers not to endanger their health and make payments without even transferring the card to the merchant.

As was mentioned at the Bank, it is possible to make payments also through those IDBank cards attached to theIdram wallet, using QR and NFC technologies.

IDBank offers Idram Rocket Visa as well as Visa Gold, Visa Platinum, Visa Signature, Visa Infinite debit and credit cards, which you can order from the Idram app and from the Bank’s website.

THE BANK IS CONTROLLED BY THE CBA

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2020/04/24/limit-of-contactless-payments-without-entering-pin-code-via-idbanks-visa-cards-is-20000-amd/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS