AMOUNT OF ELECTRONIC PAYMENTS THROUGH CBA PAYMENT SYSTEMS<br /> GROWS BY 47.8% IN 2007 AS COMPARED WITH PREVIOUS YEAR<br />


AMOUNT OF ELECTRONIC PAYMENTS THROUGH CBA PAYMENT SYSTEMS
GROWS BY 47.8% IN 2007 AS COMPARED WITH PREVIOUS YEAR

  • 21-02-2008 18:00:00   | Armenia  |  Economy
YEREVAN, FEBRUARY 21, NOYAN TAPAN. Most of payments through the payment systems of the Central Bank of Armenia (CBA) in 2007 were made through the electronic payment system. The electronic payments of the system's participants made up 65.3% of the total amount of payments and 96.3% of the total number on average. According to the CBA press service, the amount of electronic payments grew by 47.8% (1 trillion 855 bln drams or over 5 bln 422.7 mln USD), while their number increased by 33.7% (340,231 payments) as compared with 2006. The payments made by commercial banks through the electronic payment system (without transfers related to stock exchange operations) made up about 56% of the amount of transfers carried out by commercial banks (growing by 442 bln drams), while their number made up nearly 99%. The average daily number of money transfers through the electronic payment system grew by 1,329 as compared with 2006 and made 5,273, while their amount increased by 7 bln 248 mln drams to 22 bln 412 mln drams. The average daily amount of transfers related to implementation of stock exchange operations made 7 bln 115 mln drams. The average amount of an electronic transfer through the electronic payment system (without transfers related to implementation of stock exchange operations) grew by 0.5 mln drams as compared with 2006 and made 2.9 mln drams. The average amount of transfers related to implementation of stock exchange operations and carried out by commercial banks through the electronic payment system made 225 mln drams, growing by 28 mln drams.
  -   Economy