Payment Processing Services for Armenia

2024. Fastex Pay - crypto payments processing system for online stores.



Fastex Pay is an Armenian crypto payment system that allows merchants to accept the most popular cryptocurrencies in their e-commerce stores. FastexPay offers crypto processing services for accepting cryptocurrency payments. The system supports most well-known cryptocurrencies, such as BTC, ETH-based coins, Tron, and, of course, FTN—the cryptocurrency of our infrastructure. FastexPay will soon introduce its payment system, which will be the optimal choice for various types of businesses. This will be a comprehensive, global solution that will help meet the needs of your business in any market. Users will be able to accept payments from numerous providers, such as Skrill, ApplePay, Pix, Astropay, and many others.


2023. Assist Launches Online Payments in Armenia



Processing service Assist and the Armenian commercial bank Evocabank have enabled companies operating in Armenia to accept online payments using Visa, MasterCard, Mir, and Armenian Card (ArCa), the national payment system of Armenia. E-commerce companies operating in Armenia, as well as those planning to enter the market, have access to Assist's full range of payment technologies and services, including anti-fraud, analytics, and conversion enhancement tools.


2023. Armenia wants to attract PayPal to the country



Armenia is working to bring PayPal to the country, Deputy Economy Minister Narek Teryan said on Monday. "We are in talks with our US colleagues; this issue was raised during bilateral negotiations just last week. Armenia is a relatively small market for PayPal, and this is the reason for the delay," he said. PayPal is the largest electronic payment system, allowing customers to pay bills and purchases, as well as send and receive money transfers. Currently, the service only works for payments and money transfers in Armenia; negotiations for full integration of PayPal (with the ability to accept transfers and payments in online stores) have been ongoing for several years.

2018. VTB Bank Armenia launched online payment processing service



VTB Bank (Armenia) is launching an online acquiring service (cashless payments in online stores) for private entrepreneurs, legal entities, and individuals. This service enables Armenian entrepreneurs to conduct e-commerce not only within Armenia but also abroad, stimulating the development and distribution of Armenian-made goods worldwide. Electronic payments are available for local and international cards—ArCa, VISA, and Mastercard. The 3D Secure security system is in place for online electronic payments, eliminating the risk of fraud for both cardholders and online store owners. A simple and quick transaction cancellation process is promised, along with the ability to accept online electronic payments through both websites and mobile apps.


2015. Yandex.Kassa to accept payments in Armenia, Georgia, Moldova and Latvia



Russian online retailers can now accept online payments from customers in Armenia, Georgia, Moldova and Latvia using Yandex.Checkout, the payment solution from Yandex.Money. The new payment method will allow customers in these countries to pay for orders in cash at local terminals and bank branches. To pay for an online purchase, customers must provide a mobile phone number and email address, which will receive a text message containing a payment code. Customers simply enter the code at the terminal and deposit cash. They will then receive a payment confirmation email. Online stores can also set up other payment methods, such as e-wallets and bank cards.