With the introduction of new technologies, Acba Bank continues to develop non-cash payments in Armenia as part of its digital transformation. Acba is the first in Armenia to present the Acba SoftPOS mobile application, based on Visa Tap to Phone technology, which enables to turn an Android-based smartphone with an NFC-enabled module into a POS […]
The technology developed by the Revalcon startup simplifies the entire irrigation process: the process is controlled by mobile and web applications.
The debut bond issues of Zangezur Copper Molybdenum Combine CJSC (ZCMC), the largest mining company in Armenia, for the total amount of USD 50 million and AMD 2.5 billion have been fully redeemed on September 30, 2022, marking successful completion of the largest corporate bond transaction ever executed in Armenia. Ameriabank acted as the underwriter and market-maker of ZCMC’s bonds, thus once again putting into action its policy of supporting the economy of RA and the securities market, in particular.
As a result of the cooperation between Acba bank and European Bank for Reconstruction and Development (EBRD) USD 25 million will be directed at the development of Armenia’s economy through financing micro, small and medium enterprises, as well as companies led by women. Financing will be provided via Armenian drams or U.S. dollars.
The international FINTECH360 conference will be held on November 2-5 in Yerevan, during which experts from different countries will discuss innovative technologies and topical issues on the transformation of financial sectors.
In order to encourage online and safe shopping, Converse Bank has announced a campaign for Visa Virtual cardholders with its digital, security 3D secure system.
Converse Bank has revised the terms of Converse Blitz loan and has set AMD 50 M or equivalent USD and EUR as the upper SME financing threshold. The maximum loan maturity is 60 months.
All the songs, thoughts, plans for the future in and about the motherland: campers know – there is no better place than Armenia. The formula for life is to learn, become a good specialist and strengthen the country.
Converse Bank launches a new promotion for Mastercard holders, which gives the participants the opportunity to win a trip for two to the Maldives, as well as five iPhone 14 vouchers, and 35 deposit certificates.
Over the past several years, Armenia has received consistently respectable rankings in international indices that review country business environments and investment climates. Projects representing significant U.S. investment are present in Armenia, most notably ContourGlobal’s Vorotan Hydroelectric Cascade and Lydian’s efforts to develop a major gold mine. U.S. investors in the banking, energy, pharmaceutical, information technology, and mining sectors, among others, have entered or acquired assets in Armenia. Armenia presents a variety of opportunities for investors, and the country’s legal framework and government policy aim to attract investment, but the investment climate is not without challenges.
