Development
Embarking on a transformative journey, the Central Bank of Armenia is dedicated to elevating the country’s payment systems to catalyze the next wave of economic growth and foster enhanced consumer choices.
Our vision is to construct a seamlessly integrated, secure, and inclusive digital payments ecosystem that evolves dynamically to respond to the evolving needs of consumers, businesses, and government entities. We focus on key areas in this initiative.
First, we aim to achieve seamless payments for users. Delving into the user experience, we prioritize the user journey, convenience, and expeditious service. Our objective is to render payments inconspicuous and reliable, effortlessly operating in the background with inherent interoperability across diverse payment channels.
The second is the pursuit of secure payments, in which we aim to fortify people, processes, and systems. Our goal is to establish inherently secure payment systems, impervious to interruptions and resilient against intrusions by malicious actors. Ensuring the safety of consumers, businesses, and government entities is paramount.
Lastly, envisioning a system that caters to the needs of even the least economically engaged citizens, we are committed to creating a platform that is both useful and accessible. We aim to provide affordable and transparent payment solutions to promote financial inclusivity.
To realize this visionary approach, our strategy involves upgrading existing systems in both retail and wholesale sectors, revisiting policies, enhancing human capacity, and exploring opportunities in payment technologies.