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BANKING SECTOR IN ARMENIA, GEORGIA SHOWS GOOD GROWTH RATES
PanARMENIAN.Net
June 28, 2011
PanARMENIAN.Net - In Armenia, about 1 million bank cards have been
issued, alongside 3,195 POS terminals and 778 ATM units installed.
The number of POS terminals in Georgia totals 10,286 units, ATM
stations - 1,512, and bank cards - about three million.
Azerbaijan, a country with a population of over 8 million, shows the
following results: it has 7,988 POS terminals, 1,992 ATMs and slightly
over 4 million credit cards.
Despite the difficult post-crisis period, the banking sector shows
good growth rates in Georgia and Armenia, on average 15%.
INPAS Company (Innovative Payment Solutions), which is a supplier
of technological solutions for acquiring networks, held a conference
from June 15-17, 2011, "INPAS-Event 2011" in Batumi, Georgia.
The conference brought together members of the banking market from
the South Caucasus. It was visited by representatives of Georgian,
Armenian, Azerbaijani banks, as well as by companies that supply the
host solutions and acquiring equipment, The Financial reports.
From: A. Papazian
PanARMENIAN.Net
June 28, 2011
PanARMENIAN.Net - In Armenia, about 1 million bank cards have been
issued, alongside 3,195 POS terminals and 778 ATM units installed.
The number of POS terminals in Georgia totals 10,286 units, ATM
stations - 1,512, and bank cards - about three million.
Azerbaijan, a country with a population of over 8 million, shows the
following results: it has 7,988 POS terminals, 1,992 ATMs and slightly
over 4 million credit cards.
Despite the difficult post-crisis period, the banking sector shows
good growth rates in Georgia and Armenia, on average 15%.
INPAS Company (Innovative Payment Solutions), which is a supplier
of technological solutions for acquiring networks, held a conference
from June 15-17, 2011, "INPAS-Event 2011" in Batumi, Georgia.
The conference brought together members of the banking market from
the South Caucasus. It was visited by representatives of Georgian,
Armenian, Azerbaijani banks, as well as by companies that supply the
host solutions and acquiring equipment, The Financial reports.
From: A. Papazian