Evocabank is launching a new pay card project.

It is designed for the companies looking for the most convenient way of paying their employees.

“Company employees will get their salary on Evocabank cards in a convenient, easy and safe way while the companies will reduce red tape and save their precious time,” said the bank.

Evocabank payroll card project has a number of advantages:

- Employees will be provided with MasterCard Standard or Visa Classic international chip cards which can be used both in Armenia and abroad as well as when shopping online.

Under the project, the monthly service fee for international cards will be AMD 150 only,

- Organizations' founders and senior managers will be provided with free MasterCard Gold or Visa Gold chip cards, besides, no service fee will be charged,
- Under the project, the bank is also offering credit lines:

•    Up to 8-times salary  - for employees,
•    Up to 10-times salary  - for senior managers.

Lines of credit will be advanced without charging any commission fees, at 15% annual rate for dram denominated loans.

- All company employees will have free access to EvocaTOUCH – fast and convenient mobile app, to perform more than 200 types of transactions without visiting the bank.

- Evocabank provides you with an exclusive opportunity of loading the salaries on ArCa cards specially designed and branded with the company logo. Cards can be used in Armenia for payments and shopping.

“Assuring compliance with our partners' wishes, we have an individual approach to each organization through offering tariff discounts depending on the number of employees, area of activities, payroll and other factors.

Evocabank delivers fast, simple and innovative services and is distinguished from others by active application of newest information technology.

Reminder: under the RA Labor Code, effective January 1, 2020, salary payment in companies in Yerevan employing 10 and more people should be made in non-cash manner,” Evocabank said in a press statement.