Verelq: With one tap, it will be possible to block online fi

From July 1, 2026, consumers will have the opportunity to block financial transactions carried out online with one touch on their own initiative, through mobile banking and the organization’s website. For example, it will be possible to block online loan processing, online withdrawals from a deposit or savings account, as well as other online operations with mobile banking. Unblocking will be carried out exclusively after the identification and identity verification of the consumer.  This is reported by the Central Bank.


The tool will enable consumers to better manage the financial operations carried out on their behalf and be better protected against fraud.


Before financial organizations launch the tool, the Central Bank will additionally inform and remind consumers about the procedure and possibilities of its application.


Details of the regulation in Regulation 8/09 “Minimum requirements for the introduction of self-limiting tools by consumers in financial services”.


After July 1, the availability of the tool is mandatory for banks, foreign bank branches, credit organizations, payment settlement organizations that perform money transfers and provide financial services remotely.

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/2026/03/12/verelq-with-one-tap-it-will-be-possible-to-block-online-fi/

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

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