What type of payment services do we offer and to whom
The Central Bank of Armenia plays a pivotal role in the financial landscape by offering essential payment services and serving as a key player in payment and settlement systems.
Particularly, The Central Bank of Armenia provides a range of banking services, including the opening and maintenance of bank accounts, catering to Armenian banks and other participants within the Electronic Payment System.
Additionally, the Central Bank extends its account services to the Ministry of Finance, ensuring efficient management of government funds and financial transactions.
Besides, the Central Bank of Armenia acts as the designated settlement bank for the ancillary payment systems, such as ArCa card payment system, ArcaPay fast payment system and Armenia securities exchange. As the settlement bank, it plays a critical role in ensuring the seamless settlement of transactions conducted through the ArCa system, contributing to the smooth functioning of card payments in Armenia.