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)