CASH DISPENSERS IN DOWNTOWN YEREVAN TO RESUME SERVICES NEXT WEEK

Noyan Tapan
Aug 18, 2007

YEREVAN, AUGUST 18, NOYAN TAPAN. The transfer of ArmenTel company’s
cables at the crossroads of Yerevan’s Tigran the Great Avenue –
Khanjian Street, Vardanants – Khanjian Streets, Nalbandian – Alek
Manukian Streets in connection with the construction of underground
crossings at the indicated crossroads will be completed next week,
NT correspondent was informed by Hasmik Chutilian, PR Director of
ArmenTel.

According to Artur Hakobjanian, employee of Armenian Card company’s
technical unit, the servicing by nearly 110 cash dispensers located in
downtown Yerevan has been discontinued since August 15. H. Chutilian
said that the banks, whose management applied to ArmenTel with the
request to be provided other connection ways, have received such
communication and the opportunity for their cash dispensers to operate.

Until now the Armenian banks to have joined Armenian Card system have
provided 117,928 ArCa plastic cards which are serviced by 217 cash
dispensers and 1,296 POS terminals. As of late March 2007, there were
232,762 plastic cards in circulation in Armenia, including 104,216
ArCa cards. Operations of a total of 36 bln 233 mln drams (over 100.8
mln USD) were made with plastic cards in Armenia in the first half
of 2007, including operations of 12 bln 617 mln drams with ArCa cards.
From: Baghdasarian