VTB Bank (Armenia) and Best Card Company launch a co-branded card "Bari Card" with the prospect of connecting to the Russian NPKK "MIR"
ArmInfo.VTB Bank (Armenia) and Best Card Company jointly launch the and a co-branded card "Bari Card" (#yourcashbackcard) on the basis of the MasterCard Standard payment card.
This was announced by the Director General of OOO Best Card Marina Dallakyan on the fields of the NUR EXPO exhibition, explaining that this card allows receiving up to 20% of Cashback reward from the amount spent for the purchase of goods / services. The affiliate network of the Bari Card program includes over 300 sales and service outlets.
Dallakyan noted that, taking into account the large number of such programs, the new product jointly with VTB Bank (Armenia) has a number of advantages. In particular, carrying out purchases and paying with the "Bari Card" card monthly, as part of an unprecedented incentive program, the best cardholders will be awarded valuable gifts (household appliances, cars, tourpacks, etc.). In addition, within the framework of the "Good Program", holders of "Bari Card" can receive a credit limit of up to 4 million drams, the interest rate on which is identical to the rates of consumer loans of VTB Bank (Armenia). To get a "Bari Card" card in any branch of VTB Bank (Armenia), citizens who have reached adulthood can.
At the same time, M. Dallakyan did not rule out that after the official start of the program, which is envisaged at the end of November of this year, "Bari Card" can connect to the Russian "Mir" payment system because VTB Bank (Armenia) is a daughter of the Russian VTB Group, and close ties between Armenia and Russia. , as its focus is to increase the efficiency of purchases for our customers,> she concluded.
According to the 16th issue of the analytical review "Armenian Banks in Card Business" prepared by IA ArmInfo, VTB Bank (Armenia) holds the leading position in terms of the number of active cards, both general and MasterCard and Visa, as well as the volume of plastic transactions. So, on October 1, 2017, the Bank has almost 334 thousand cards, of which over 181 thousand are MasterCard and about 153 thousand are Visa. For 9 months of 2017, the volume of plastic transactions on VTB Bank (Armenia) cards was 181.2 billion drams, of which about 93% or 167.2 billion are ATM transactions. The Bank managed to increase the volume of plastic transactions in the annual cut by 13.5%, and ATM transactions by 14%. Until 2013, VTB Bank (Armenia) issued and serviced only international VISA cards, and since September of that year, having become a full member of the international payment system MasterCard Worldwide, started issuing and servicing Cirrus / Maestro and MasterCard cards, local ArCa cards. VTB Bank (Armenia) has its own processing. It should be reminded that VTB Bank (Armenia) CJSC became a participant of the international financial group VTB in April 2004. At present, VTB Bank, the second largest bank in Russia, owns 100% of VTB Bank (Armenia). The Bank is traditionally one of the leaders of the banking system of the Republic of Armenia in terms of key indicators. VTB Bank (Armenia) dominates the coverage of the branch network with 67 branches with presence not only in the capital (23) but also in all regions of the country (44), and the number of regional branches is maintained by leadership.