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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
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