Thursday, November 9 2017 16:29

ArmInfo.VTB Bank (Armenia) and Best Card Company jointly launch the and a co-branded card "Bari Card" (#yourcashbackcard) on the basis of the  MasterCard Standard payment card.

This was announced by the Director  General of OOO Best Card Marina Dallakyan on the fields of the NUR  EXPO exhibition, explaining that this card allows receiving up to 20%  of Cashback reward from the amount spent for the purchase of goods /  services. The affiliate network of the Bari Card program includes  over 300 sales and service outlets.

Dallakyan noted that, taking into account the large number of such  programs, the new product jointly with VTB Bank (Armenia) has a  number of advantages. In particular, carrying out purchases and  paying with the "Bari Card" card monthly, as part of an unprecedented  incentive program, the best cardholders will be awarded valuable  gifts (household appliances, cars, tourpacks, etc.).  In addition,  within the framework of the "Good Program", holders of "Bari Card"  can receive a credit limit of up to 4 million drams, the interest  rate on which is identical to the rates of consumer loans of VTB Bank  (Armenia). To get a "Bari Card" card in any branch of VTB Bank  (Armenia), citizens who have reached adulthood can.

At the same time, M. Dallakyan did not rule out that after the  official start of the program, which is envisaged at the end of  November of this year, "Bari Card" can connect to the Russian "Mir"  payment system because VTB Bank (Armenia) is a daughter of the  Russian VTB Group, and close ties between Armenia and Russia.   , as its focus is to  increase the efficiency of purchases for our customers,> she  concluded.

According to the 16th issue of the analytical review "Armenian Banks  in Card Business" prepared by IA ArmInfo, VTB Bank (Armenia) holds  the leading position in terms of the number of active cards, both  general and MasterCard and Visa, as well as the volume of plastic  transactions. So, on October 1, 2017, the Bank has almost 334  thousand cards, of which over 181 thousand are MasterCard and about  153 thousand are Visa. For 9 months of 2017, the volume of plastic  transactions on VTB Bank (Armenia) cards was 181.2 billion drams, of  which about 93% or 167.2 billion are ATM transactions. The Bank  managed to increase the volume of plastic transactions in the annual  cut by 13.5%, and ATM transactions by 14%.  Until 2013, VTB Bank  (Armenia) issued and serviced only international VISA cards, and  since September of that year, having become a full member of the  international payment system MasterCard Worldwide, started issuing  and servicing Cirrus / Maestro and MasterCard cards, local ArCa  cards. VTB Bank (Armenia) has its own processing.  It should be  reminded that VTB Bank (Armenia) CJSC became a participant of the  international financial group VTB in April 2004. At present, VTB  Bank, the second largest bank in Russia, owns 100% of VTB Bank  (Armenia). The Bank is traditionally one of the leaders of the  banking system of the Republic of Armenia in terms of key indicators.  VTB Bank (Armenia) dominates the coverage of the branch network with  67 branches with presence not only in the capital (23) but also in  all regions of the country (44), and the number of regional branches  is maintained by leadership.