LEGAL ACTS
Activities of the organization are regulated by the law of the Republic of Armenia, the normative legal acts approved by the Board of the Central Bank of the Republic of Armenia, as well as other legal acts. The main laws and other normative legal acts, which regulate the activities of the Organization, are available in the Armenian Legal Information System.
Laws
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Law on Payment and Settlement Systems and Payment and Settlement Organizations
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Law on Funds Transfer by Payment Order
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Republic օf Armenia Law օn Combating Money Laundering and Terrorism Financing
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Civil Code of the Republic of Armenia
- E-money public offer
- Privacy policy
- Terminal payment's public offer
Regulations
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Regulation 16/1 on the Procedure and Conditions for Granting, Suspending and Terminating Permission to Issue Electronic Money, and Requirements for Electronic Money Issuers
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Regulation 16/2 on Order and Conditions of Issuance and Servicing (circulation) of Electronic Money, Requirements for Conducting Transactions in Electronic Money
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Regulation 17/01 “Licensing of Payment and Settlement Organizations, Registration of Branch Offices; Qualification of Managers of Payment and Settlement Organizations, Requirements to Payment and Settlement Organizations for Technical, Software and Safety Adequacy at their Premises; Register of Activity License to Payment and Settlement Organizations; Information Contained in the Register”
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Regulation 17/02 “Regulation of Activities of Payment and Settlement organizations, Prudential Standards of Payment and Settlement Organizations, Procedure of their Calculation”
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Regulation 17/03 “Statements of Payment and Settlement Organizations: Submission and Publication”
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Regulation 17/09 on “Cash operations at payment and settlement organizations operating in the territory of the Republic of Armenia”
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Regulation 18 “Issuing Permit to Establish and Operate Armenian Payment and Settlement Systems”
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Regulation 19 “Granting Permission to Participate in Foreign Payment and Settlement Systems; the List of Changes to Foreign PSS Operational Rules and Documents reportable to the Central Bank of Armenia; Foreign PSS Criteria; and Running of Registry”
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Regulation 19.1 “Rules of Cooperation between Armenian and Foreign Money Transfer Payment and Settlement Organizations”
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Resolution 294 on Defining the Moment of Entry of a Payment Document Into a Payment System and Irrevocability of a Payment Order
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Resolution 18-N on Procedure on Execution of Transfers by Regular Payment Orders in the Republic of Armenia
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Resolution 97-N on Procedure on Transfer of Funds Through Direct Debit in the Republic of Armenia
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Resolution 105-n on the participation of the commercial banks, operating within the territory of the Republic of Armenia, in the overseas payment-settlement systems of implementation of money remittances without opening banking accounts
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Resolution 300-N on the Procedure of issuing, acquiring and distribution of payment cards, as well as performing operations with payment cards within the territory of the Republic of Armenia
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Resolution 178-n on approval of regulation on “coding system for the central bank of the Republic of Armenia payment and settlement system or information system participants, as well as customer accounts structure” and repealing resolution n 394 of the board of the central bank of the Republic of Armenia dated December 5, 2002
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Resolution 187-n on approval of regulation on “maximum time limits for transfer of funds in the territory of the Republic of Armenia” and repealing resolution n 96 of the board of the central bank of the Republic of Armenia dated April 25, 2000
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"On Approval of the Guideline On Endangering the Stability and/or Liquidity and/or Solvency of the Financial System in the Republic of Armenia as a Result of Participation in Foreign Payment and Settlement System”
CERTIFICATES
ISO/IEC 27001:2022 standard
PCI/DSS certificate
