ELECTRONIC PAYMENTS GROW BY 39.74% IN ARMENIA IN FIRST
QUARTER OF 2007 ON SAME PERIOD OF LAST YEAR
23-05-2007 15:36:00 | Armenia | Economy
YEREVAN, MAY 23, NOYAN TAPAN. Most of electronic payments
through the payment systems of the Central Bank of Armenia (CBA)
in the first quarter of 2007 was made through the electronic
payment system.
According to CBA data, electronic payments of the system's
participants made up 63.10% of the total amount of payments and
95.3% of their number. The amount of electronic payments
increased by 39.74% (564 bln drams or about 1 bln 568 mln USD),
their number - by 15.86% (40,670 payments) on the same period of
last year. Transfers related to stock exchange operations
amounted to 27 bln drams. Payments made by commercial banks
through the electronic payment system (without stock exchange
related operations) made up about 40% (increase of 55 bln drams)
of all payments, their number - about 99%.
The average daily number of monetary transfers through the
electronic payment system grew by 635 payments as compared with
the first quarter of 2006 and made 4,006 transfers, while their
amount grew by 8 bln 817 mln drams to 22 bln 185 mln drams. The
average daily amount of transfers related to stock exchange
operations made 6 bln 549 mln drams. The average amount of an
electronic transfer through the electronic payment system,
without transfers related to stock exchange operations, grew by
about 1.7 mln drams to 3.9 mln drams. The average amount of
stock exchange related transfers by commercial banks through the
electronic payment system made 201 mln drams.