As a result of the cooperation of ACBA-CREDIT AGRICOL Bank and the Chinese UnionPay International, the service of UnionPay cards was launched in Armenia.
Within the scope of cooperation, UnionPay cardholders will have the opportunity to make payments with their cards through POS terminals of AKBA-CREDIT AGRICOL Bank throughout Armenia, as well as withdraw money from all ATMs of AKBA-CREDIT AGRICOL Bank.
“Today is a very significant day for us. we signed an agreement, which will allow us to serve UnionPay cards, one of the most dynamically developing payment systems in Armenia, and in this framework, Armenia will become more comfortable for tourists, because according to all forecasts, the volume of tourism in Armenia will increase year by year, and this year we have already registered a rather serious increase, in particular From the People’s Republic of China. ACBA-CREDIT AGRICOLE Bank services the cards issued by the largest number of payment systems in Armenia and we hope to be able to serve UnionPay cards at all our service points very soon. The contract is also of strategic importance for us. It is a great honor to be UnionPay’s partner in Armenia and we are confident that we will record significant results very soon. Once again, I congratulate all of us on this event and I express confidence that our cooperation will be fruitful and we will have the honor to talk about it after a year,” said Arsen Melkonyan, Deputy CEO of ACBA-CREDIT AGRICOLE Bank.
“I am happy to be in Armenia. I have heard a lot about Armenia. Today we announce the start of cooperation between UnionPay and AKBA-CREDIT AGRICOL Bank. I thank everyone who contributed to this day. UnionPay is a fast growing international payment company and we want to transfer our years of experience and invest in Armenia. We are happy to bring our activities to Armenia as well. Our partner ACBA-CREDIT AGRICOLE Bank has a large number of ATMs in Armenia, serves the largest number of payment systems, which will allow UnionPay cardholders to fully use their cards in Armenia. I am also happy to note that UnionPay mobile payments will also be available in Armenia in the future. Once again, I congratulate all of us on this cooperation,” said Shao Fujun, Chairman of the Board of Directors of China UnionPay.
“On behalf of the Central Bank, I congratulate you on another acquisition. The entry of UnionPay into the Armenian market is a very important event and we must note that this is essentially the beginning of the long-term and mutually beneficial cooperation that we will have. We hope that thanks to our partners, we will also have access to new technologies in the Republic of Armenia. I am confident that this will contribute to the diversity of financial services, which will benefit the consumer. I am also sure that this will also contribute to healthy competition in the market, and the presence of such large international players gives us the opportunity to be sure that the best international experience will also be present in our country,” Vakhtang Abrahamyan, deputy chairman of the Central Bank, said in his speech.
“I would like to warmly congratulate ACBA-CREDIT AGRICOLE Bank and UnionPay on behalf of the Embassy of the People’s Republic of China in the Republic of Armenia. I am confident that the entry of UnionPay into Armenia will increase tourism results and will obviously improve the conditions for making payments while traveling to Asia and from China to Armenia. I believe that the entry of UnionPay into Armenia will also create essential conditions for the development of economic and trade cooperation between the two countries,” said Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Republic of Armenia, His Excellency Mr. Tian Erlun.
UnionPay International (UPI) is a subsidiary of China UnionPay. Payments are made with UnionPay International cards in about 177 countries of the world, 55 of which also issue UnionPay cards.