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Society

Arca National Payment System, Bank of Georgia and Ameriabank Signed a Memorandum of Understanding

Within the framework of the international PLUS Forum held in Yerevan, Armenia, the Arca National Payment System, Bank of Georgia JSC and Ameriabank signed a Memorandum of Understanding.

The memorandum aims to define the scope of cooperation between the parties to ensure interoperability between the ArcaPay and the Bank of Georgia instant transfer systems. This initiative will enable instant money transfers between Armenia and Georgia in both directions, enhancing the accessibility and speed of payment services.

Additionally, the parties plan to establish a host-to-host connection between Arca’s processing center and Georgian Card, enabling the acceptance and servicing of Arca payment system cards in Georgia. The cooperation has been made possible through Ameriabank’s active role as a settlement bank, which will ensure efficient and secure processing of interbank settlement flows.

This initiative is aimed at ensuring payment infrastructure interoperability between the two countries and establishing a qualitatively new level of cooperation in both card-based and non-card payment services.

 

About Ameriabank

 

Ameriabank is a leading financial and technology company in Armenia, a major contributor to the Armenian economy. In pursuit of digital transformation, the Bank has implemented unique products, services and innovative platforms designed to meet the diverse financial and non-financial needs people have today, and keeps on improving them.

Being a dynamically developing fintech environment, Ameriabank offers comprehensive solutions to improve the quality of life.

The Bank is supervised by the Central Bank of Armenia.

About Arca

Arca is the National Payment System of the Republic of Armenia, providing technological support to banks for more than 25 years, including card processing, payment solutions, and interbank services.
Arca is also the operator of ArcaPay - the instant money transfers system - as well as the recently launched unified national QR solution: ArcaQR.
Arca is supervised by the Central Bank of Armenia.