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Central Bank Of Armenia Permits BTA Bank CJSC To Join Money Gram Pay

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  • Central Bank Of Armenia Permits BTA Bank CJSC To Join Money Gram Pay

    CENTRAL BANK OF ARMENIA PERMITS BTA BANK CJSC TO JOIN MONEY GRAM PAYMENT SYSTEM

    ARKA
    May 22, 2009

    YEREVAN, May 22. /ARKA/. The Central Bank of Armenia permitted BTA
    Bank CJSC to join MONEY GRAM international payment system.

    According to the CBA press-service the decision was made during the
    sitting of the CBA Board presided over by CBA Chairman Artur Javadyan
    on Friday.

    BTA Bank CJSC is a strategic partner of one of Kazakhstan's biggest
    banks - BTA Bank JSC which holds 49% of shares in the authorized
    capital of BTA Bank.

    The other shareholders of the banks are company ZRL (31.1%) and
    Kazakh-Armenian company MOBILEX (16.2%).

    Currently the bank implements transfers through Faster, Migom and
    CONTACT payment systems.
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