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75,689 ArCa Plastic Cards In Circulation In Armenia

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  • 75,689 ArCa Plastic Cards In Circulation In Armenia

    75. 689 ArCa Plastic Cards In Circulation In Armenia

    ArmRadio.am
    11.08.2006 16:51

    In the 2nd quarter pf 2006, the number of local cards "Armenian Card"
    (ArCa) in circulation increase by 10,714 or 1.16 times and reached
    75,689 at the end of June, 2006, Armenian ARKA News Agency reported.

    The Payment and Information System Development Department and the
    Settlement System Department, Central Bank of Armenia (CBA) report
    that During the period under review, a total of 331,729 transactions
    worth AMD 9,828mln were effected by means of ArCa cards - an AMD
    2,734mln or 1.31-time increase in volume, and 63,030 or 1.23-time
    increase in the number of transactions.

    Two transactions were effected a month on the average, with the
    average volume of one transaction being AMD 29,000 - an AMD 2,000
    increase compared to the 1st quarter of 2006.

    The average share of one cash dispenser was 714 ArCa cards. A total of
    106 cash dispensers served ArCa cards.At the end of the 2nd quarter of
    2006, 19 commercial banks issued and served plastic cards in Armenia,
    17 of them were members of the ArCa system.

    During the period under review, the total volume of transactions by
    means of all types of plastic cards was AMD 30,944, with the number
    reaching 719,878. a total o 176,104 plastic cards were in circulation
    at the end of June 2006, 19,430 more than at the beginning of the 2nd
    quarter of 2006. ($1 - AMD 399.66)
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