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Cba Bans Russian Payment System In Armenia

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  • Cba Bans Russian Payment System In Armenia

    CBA BANS RUSSIAN PAYMENT SYSTEM IN ARMENIA

    PanARMENIAN.Net
    October 9, 2012 - 13:49 AMT

    PanARMENIAN.Net - The Central Bank of Armenia (CBA) board has resolved
    to declare Zolotaya Korona Russian payment system's license for
    transactions in the Republic of Armenia expired.

    According to CBA official website, the inspections revealed that
    Zolotaya Korona has repeatedly restricted Armenia-based banks' access
    to its payment system without issuing any explanation.

    The CBA filed a note to the operator, urging it to immediately fix
    the problem. The payment system was also warned of the possible
    consequences in case of failing to address the violations.

    Seven partner banks currently make money transfers through Zolotaya
    Korona system, with 260 outposts operating in the republic.




    From: A. Papazian
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