ArmInfo. Converse Bank expands the options of non-cash payments and comes up with another interesting offer.
As the press service of the bank told ArmInfo, in particular, the Bank offers its customers to use Visa Pay Stickers in addition to payment cards. These are VISA CLASSIC-type contact-free card stickers attached to the main card, which can be labeled to phones or other accessories and used for contact-free purchases / payments, as well as cash withdrawals. For transactions or purchases with Visa Pay Sticker in the amount of up to AMD 10,000 / equivalent in foreign currency, no PIN code is required.
Multiple Visa Pay Stickers can be attached to one payment card. The stickers may be obtained at the Bank branches, and soon will be also available online via the Bank's web page.
Converse Bank will soon come up with another unprecedented offer, by providing Mini FOBs to its clients. A Mini FOB is a small contact-free card of VISA CLASSIC type attached to the main card, and it will be provided by the Bank together with its accessories. The application is the same as in case with the stickers.
Both the stickers and the Mini FOB can be used in Armenia as well as abroad. They can be blocked in case of loss.
According to the analytical review "Armenian Banks in the Card Business" No. 19, prepared by IC ArmInfo, Converse Bank is included in TOP-5 both in the total number of active cards and in the number of Visa and MasterCard. By April 1, 2019, the bank increased the total number of active cards by 5.3% to 217.2 thousand. In the total number of active cards of the bank, Visa accounts for 33.8% (73.4 thousand units, with an annual growth of 28.3%), and MasterCard - 13% (28.1 thousand units, with annual growth of 21.3%). Converse Bank retains superiority in the volume of plastic transactions - 320.4 billion drams for 2018. Converse Bank is included in TOP-5 in terms of the volume of Internet transactions - AMD 19.3 billion with an increase of 40% in 2018. As of April 1, 2019, the Bank has 124 ATMs and 1219 own POS- terminals. Converse Bank issues and maintains Visa and MasterCard along with local ArCa cards.
To recall, Converse Bank has been operating in the Armenian market since September 1996. The shareholders of the Bank are Advanced Global Investments LLc (led by Eduardo Eurnekian) - 80.94%, HayPost Trust Management B.V. - 14.06%; Cathedral of the Mother See of Etchmiadzin - 5%. As of July 1, 2019, the Bank's branch network has 36 branches, of which 16 are located in Yerevan, 19 in the regions of Armenia and 1 in the Republic of Artsakh.