Payment methods in Armenia

Asia

6methods

Visa card turnover in Armenia grew 70% in 2024 to AMD 680.8 billion; Mastercard grew 88% to AMD 213.3 billion.

Market takeaways

Visa card turnover in Armenia grew 70% in 2024 to AMD 680.8 billion; Mastercard grew 88% to AMD 213.3 billion.
IDram has over 1.5 million registered users and processed 55 million transactions in 2022, accepted at 14,000+ retail outlets and 1,000+ online stores.
In the first nine months of 2024, approximately 200,000 IDram users made QR payments totaling ~4 million transactions.
ArCa is the national card payment network connecting Armenian banks.
Cash-on-delivery remains common for e-commerce despite growing card and wallet adoption.

Population

3.0M

Online population

~2.3M

Banked population

~66%

Credit card population

~30%

Payment method breakdown

Card45%
Cash35%
E-Wallet15%
Bank Transfer5%

Card scheme breakdown

Visa45%
Mastercard35%
Local Schemes (ArCa)15%

Cross-border e-commerce

Market data coming soon.

Featured payment methods in Armenia

Popular options based on coverage and prominence in this market.

EasyPay

Albania's leading e-money and bill-payment platform. EasyPay executed the country's first open-banking payment in March 2025 in partnership with Intesa Sanpaolo Bank Albania, enabling account-to-account checkout.

ArCa

Armenia's national card payment network, connecting Armenian banks and supporting domestic card transactions. ArCa cards are issued by most Armenian banks and serve as the primary local card scheme for debit and credit transactions. ArCa also supports e-commerce payments.

Visa

Visa is the world's largest card network, enabling credit, debit and prepaid card payments online, in-store and at ATMs across virtually every market. In the listed countries Visa is a core internationally accepted scheme alongside local methods.

Mastercard

Mastercard is a leading global card network supporting credit, debit and prepaid card payments online, in-store and at ATMs worldwide. In the listed countries it is a core internationally accepted scheme.

IDram

Armenia's most popular digital wallet, with over 1.5 million registered users. IDram supports payments at 14,000+ retail outlets and 1,000+ online stores, peer-to-peer transfers, utility bill payments, and QR code merchant payments. In 2024, approximately 200,000 users made QR payments via IDram. Operated by IDBank.

Telcell Wallet

One of Armenia's leading mobile wallet platforms, operated by Telcell. It supports peer-to-peer transfers, merchant payments, and utility bill payments. Telcell has broad acceptance among Armenian merchants and is widely used alongside IDram.