“TelCell” CJSC was established on May 29, 2007.

№ 2 license of RA Central Bank, issued on July 24, 2007. (Payment system) № 5 license of RA Central Bank, issued on July 24, 2007. (Payment processing and clearing)

The system receives payments for the following services:

As of 01.06.09, 309 payment terminals successfully function in the system. The terminals are located in the busiest points of Yerevan, Gyumri, Vanadzor, Artashat, Sevan, Hrazdan, Masis, Alaverdi and Etchmiadzin. The plans of the Company for the nearest future include expansion of the network to 400 payment reception points and entry to other regional centers of Armenia.

As of 01.06.09, the number of the Company’s employees makes 21 people.