 Armenia creating national money transfer system January 15, 2022 - 13:38 AMT PanARMENIAN.Net - Armenia is creating a national money transfer system, Deputy Chairman of the Central Bank Vakhtang Abrahamyan has told Sputnik Armenia, revealing that the STAK Money Transfer system should start operating in the first quarter of 2022. The purpose of the system is to make money transfers without opening a bank account, both within Armenia and to other countries. In the future, the system will add the possibility of transferring to a bank account and an electronic wallet. STAK will enable users to receive transfers from any bank in Armenia will be connected to the system, with the ArCa payment processing system and other transfer systems operating in the republic also set to be connected to the new platform.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Czech-Armenian military cooperation discussed in Yerevan  A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |
