On the 13-th of April this year, Ardshinbank in Armenia launched a mobile wallet with contactless payments for Ardshin Visa cards. Now Ardshinbank Visa cardholders have an opportunity to make purchases in stores, using their mobile phones instead of contactless cards.
The solution is built on Gate2Bank Tokenization Platform platform, with connection to Visa VTS service and embedded into Ardshinbank’s mobile banking application (something similar that we have already done before for Citadele Bank in Latvia). This is an optimal solution for banks that want to have a single mobile application that covers the full spectrum of their financial services and removes the need to switch between different applications for the users.
“Smartphones are now becoming an easy way to make payments. No need to carry your payment card and wallet with you anymore. All you need to securely pay for goods and services now is an Android phone with our banking application, and you will continue enjoying all the usual benefits and security features of Visa cards”, – Artak Khachatryan, Head of Retail business at Ardshinbank says.
In 2020, Ardshinbank was recognized by Visa as the largest issuer of Visa cards in Armenia.