11Nov
Instant money transfers by phone number to clients of other banks
Within the framework of cooperation with Armenian Card, Ameriabank has joined ArCa Pay system and created a new opportunity for its clients to make money transfers by phone number to other banks and payment and settlement institutions that are also members of ArCa system.
ArCa Pay is a simple, fast, easy and secure platform for bank-to-bank transfers by phone number.
Ameriabank, Evocabank and Converse Bank have already joined the system. Transfers are possible using current, savings, and card accounts.
To make a transfer, you need to log in to MyAmeria app, select the MoneyTO service from the “Transactions” section, enter the phone number of the person you intend to transfer funds to, and select the recipient’s financial institution.
If the recipient has already designated the default bank, the transfer will be made to such default bank. Otherwise, the sender should select the recipient’s financial institution from the drop-down list.
Please note that MoneyTO transfers are made in AMD only.
To receive international bank-to-bank transfers by phone number, clients can designate Ameriabank as the default financial institution by means of the respective settings in MyAmeria app.
Almost all banks and organizations providing payment and settlement services in Armenia are expected to join ArCa Pay system soon.
Full terms and conditions of the service are available here.