ARMECONOMBANK GIVES ARCA CARD-HOLDERS OPPORTUNITY TO PAY TAXI-FARE

YEREVAN, MARCH 15. ARMINFO. Armeconombank signed today agreements with
the representatives of “Citi-Cab”, “Ketrin” and “American Taxi”
taxi-services given passengers an opportunity to pay fare by the cards
of ARCA National Payment System. Armeconombank Deputy Executive
Director Arsen Katvalyan informed journalists that at the first stage
only card-holders of ArCA can fulfil cashless payment within the
three-month pilot project. All card-holders of Armenian Card,
including international MasterCards will be given this opportunity
after successful completion of the project.

Katvalyan stressed that this project costs nearly $15.000, $5.000 for
each taxi-service, including technical assistance and training for
services’ employees. He explained that the main POS-terminals will be
set in the dispatching offices of taxi-services and special connecting
facilities will be installed in cars itself.

He noted that number of bank’s card-holders totals 29.700 and they
expected it will amount to 30.000 late March. 92 POS-terminals and 7
cash dispensers are equipped by the bank at present and it is planned
to grow their number by 20 and 2 respectively. The new cash dispensers
will be set as early as in March.