Saturday, April 7 2018 15:09

ArmInfo.VTB Bank (Armenia), offering its customers modern and technological products and services, put into operation the first ATMs with cash-in and recycling at the same time.

As ArmInfo explained to the press service of the Bank, the new ATMs  allow all cardholders of VTB Bank (Armenia) not only to withdraw  money from their bank card, make payments, money transfers, etc., but  also instantly replenish cards in cash.

Advantages of an ATM with the Cash-in function are as follows:  quickness - cash is instantly credited to the card; efficiency - for  one transaction, you can deposit up to 90 notes simultaneously (not  by the piece, but by a bundle), with different denominations, which  makes the replenishment process more convenient and quick.  New ATMs  are equipped with the option of issuing cash to customers funds from  other cash customers made earlier in ATM. According to the 16th issue  of the analytical review "Armenian banks in  card business "prepared  by IC ArmInfo, VTB Bank (Armenia) maintains leadership in 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,  along with servicing and local ArCa cards. VTB Bank (Armenia) has its  own processing.

It should be noted that VTB Bank (Armenia) CJSC became a participant  in 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.   The coverage of the branch network of VTB Bank (Armenia) has 67  branches with presence not only in the capital, but also in all  regions of the country.