The Republic of Armenia is a landlocked, mountainous country in the South Caucasus region of Eurasia. It is located at the crossroads of Western Asia and Eastern Europe. Link to external site : Website for Armenia |  |
| Wallets | |
| Development | Developing |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
9,204.47 Register/Log In |
| HDI classification | Medium |
| Mobile Connections (m) |
4.439 Upgrade to Bronze |
| Currency | AMD |
| Class | |
| CountryISO | AM |
| Sovereignity | Country |
| Territory of | - NA - |
{"type":"GeoChart","data":[["Country","Population(m)","Rank"],["AM",3.001,131]],"options":{"title":"Countries","region":"AM","displayMode":"regions","colorAxis":{"minValue":0,"maxValue":1500,"colors":["yellow","green","red"]}}}
{"type":"PieChart","data":[["Operator","Connections"],["K-Telecom CJSC (VivaCell-MTS)",2799388],["Orange",850000],["Beeline (VimpelCom)",790000]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",17405],["Q4 2001",25232],["Q4 2002",70748],["Q4 2003",111188],["Q4 2004",200285],["Q4 2005",645890],["Q4 2006",1219425],["Q4 2007",1822484],["Q4 2008",2564300],["Q4 2009",2778301],["Q4 2010",2915161],["Q4 2011",3100513],["Q4 2012",3220687],["Q4 2013",3320169],["Q4 2014",3407120]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Location",2],["Mobile",1],["Web",1]],"options":{"title":"Initiatives ( 3 of 3 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",2],["Post",1]],"options":{"title":"Initiatives ( 3 of 3 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["DP",2],["LP",1]],"options":{"title":"Initiatives ( 3 of 3 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["BP",1],["DMT",2],["IMT",2],["LP",1],["MP",1],["OP",2]],"options":{"title":"Initiatives ( 3 of 3 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",1],["Card",2],["Cash",1]],"options":{"title":"Initiatives ( 3 of 3 )"}} |
| Central Bank | |
| Key Regulations | |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law system Upgrade to Bronze |
| Law is based on | |
| Approach | |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Jointly Led Upgrade to Bronze |
| DominantModel |
| E-Money |
Does not exist, no demand Upgrade to Bronze |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",97.85],["Banked",9],["Internet",6],["Urban",64],["Adult",81],["Literate",99.4848]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 3.00 |
| Adult % | 81.00 |
| Migrants % |
8.00 Register/Log In |
| Stock Immigrants ('000) |
324.20 Upgrade to Bronze |
| Emigration Rate % |
20.30 Upgrade to Bronze |
| Internal Migrants ('000) |
500.00 Upgrade to Bronze |
| Internal Migration Rate % |
24.50 Upgrade to Bronze |
| Intl Movement Rate % |
28.10 Upgrade to Bronze |
| Urban % | 64.00 |
| Female % | 58.90 |
| Literate % | 99.48 |
| Annual Growth % |
| Mobile Penetration % | 97.85 |
| Banked % | 9.00 |
| Access to FS % | 9.00 |
| Internet % | 6.00 |
| Branches per 100k adults | 15.69 |
| ATMs per 100k adults | 22.22 |
| POS per 100k adults | 94.15 |
| Prepaid % | 92.30 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 2.67 |
| Monthly ARPU |
11.40 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Other Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets |
Banks investigating Upgrade to Bronze |
| Informal Market | |
| Cost To Remit | |
| Key Players |