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March, 2023
March 2023
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Acba Bank in Partnership with Visa launches first Tap to Phone innovative technology to Expand Digital Payments in Armenia
12/10/2022 17:33

Acba Bank in Partnership with Visa launches first Tap to Phone innovative technology to Expand Digital Payments in Armenia

With the introduction of new technologies, Acba Bank continues to develop non-cash payments in Armenia as part of its digital transformation. Acba is the first in Armenia to present the Acba SoftPOS mobile application, based on Visa Tap to Phone technology, which enables to turn an Android-based smartphone with an NFC-enabled module into a POS terminal without additional equipment. This solution will help simplify the management of small and medium-sized, especially micro businesses and entrepreneurs to expand the network of receiving non-contact payments, adapt to digital, increase their customer base and minimize the cost of connecting to acquiring services.

“Acba SoftPOS application opens up new opportunities for non-cash payments for the development of new segments, in particular for restaurants, small shops, delivery services, as well as payment points at events. Acba SoftPOS turns a smartphone into a full-fledged POS terminal,” says Artur Kartshikyan, Head of the Bank’s Digital Business Department.

“We are proud to drive innovative payment solutions even further in partnership with Acba Bank. First time in Armenia, Acba Bank presents an innovative payment product – Soft POS, based on Visa Tap to Phone technology. We believe that Acba Soft POS will advance contactless payment experience across the country, supports business ecosystem development and the country’s digital, transformation goals.” Commented Diana Kiguradze, Visa Regional Manager for the Caucasus region.

  In connection with the release of the Acba SoftPOS payment tool, Acba will carry out a campaign from October 12 to November 15, inclusive.

  • The first 150 organizations that activate the Acba SoftPOS payment tool will receive a Visa Business card free of charge (for the entire period of the card’s validity),
  • Organizations that have made payment operations of AMD 1 million or more through Acba SoftPOS will receive a refund of the commissions charged by the Bank (no more than AMD 1 million for payment operations),
  • The first 50 organizations that make 100 or more transactions with AMD equivalent to 2500 USD through Acba SoftPOS will receive gift cards as prizes. In addition, five of these organizations will have a chance to win a laptop.

The campaign will be summarized by the bank by December 15, 2022.

Registration of Acba SoftPOS payment instrument receipt.

The Acba SoftPOS application is available only to legal entities and private entrepreneurs  (POs). It can be downloaded from Google Play (for NFC-enabled smartphones running Android 8.1 or newer versions).

In the near future, Acba Bank will continue to present innovative, convenient solutions, contributing to the development of Armenia’s economy.

The bank is supervised by RA CB.

Beeline Armenia - Telecommunication services for your business.
AMD Rates
10:30 20/03 Buy Sell
AMD / USD 386.00 390.50
AMD / EUR 411.00 418.00
AMD / RUR 5.00 5.07
dollars
dollars
CBA Rates
17/03/2023
USD / AMD
388.28
-0.35%
EUR / AMD
412.90
+0.37%
RUR / AMD
5.07
-0.03%
GBP / AMD
471.18
+3.08%
Cryptocurrencies
10:30 20/03
BTC/AMD
10,728,025
+0.29%
BTC/USD
27629.61
+0.29%
ETH/USD
1766.35
-2.65%
BCH/USD
134.33
-1.66%
XRP/USD
0.384076
+0.01%
LTC/USD
82.09
-5.21%
BNB/USD
335.70
-2.39%
DOGE/USD
0.074126
-4.56%
ETH/BTC
0.063929441
-2.90%
BCH/BTC
0.004861836
-1.91%
XRP/BTC
0.000013901
-0.24%
LTC/BTC
0.002971263
-5.45%
BNB/BTC
0.012149936
-2.65%
DOGE/BTC
0.000002683
-4.79%
CBA Metals
17/03/2023
dram / gram
Gold
24002.63
-29.76%
Silver
274.76
-1.31%
FOREX
10:00 20/03
EUR/USD
1.0662
-0.04%
GBP/USD
1.2181
+0.05%
USD/JPY
131.36
-0.33%
EUR/GBP
0.8754
-0.05%
Oil
10:00 20/03
$ / barrel
Brent
71.47
-2.06%
Light Sweet
65.32
-1.54%
COMEX
10:00 20/03
$ / tr. oz
Gold
1995.60
+0.10%
Silver
22.61
-0.62%
Platinum
973.60
-0.74%
LME / 3M
10:00 20/03
$ / tonne
Aluminium
2274.00
+0.29%
Copper
8580.00
+0.73%
Nickel
23364.00
+0.55%
Tin
22510.00
+1.31%
Lead
2089.50
+1.11%
Zinc
2895.00
+1.31%
Molybdenum
70195.10
+0.00%
Cobalt
34180.00
+0.00%
Indexes
10:00 20/03
point
Dow Jones
31861.98
-1.19%
S&P 500
3916.64
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NASDAQ
11630.51
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7335.40
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6925.40
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14768.20
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948.97
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Nikkei
27333.79
+1.20%
Topix
1959.42
+1.15%
Hang Seng
19518.59
+1.64%
SSEC
3250.55
+0.73%
CBA Interest Rates
26/03/2020
Refinancing
Refinancing Rate
10.75
+0.00%
Lombard Repo
Lombard Repo Rate
12.25
+0.00%
Deposit
Deposit Rate
9.25
+0.00%
Macroeconomy
01/2023
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
177.7
+1.40%
Export 1
Export
572.8
+130.0%
Import 1
Import
727.1
+72.5%
CPI
Consumer price index
+8.10
Avg. Salary 2
Average salary
249,278
+22.0%
Services 3
Volume of services
216.0
+25.9%
Construction 3
Volume of construction
16.0
+12.2%
1 - mln AMD, 2 - AMD, 3 - bln AMD