AraratBank announces the launch of the UBPAY system, enabling customers to send and receive money between the Russian Federation and the Republic of Armenia.

The UBPAY system offers the following key features:

Send

•     Currency: Russian Ruble
•     Monthly maximum limit: AMD 20,000,000 or RUB 5,000,000
•     Maximum amount per transfer: AMD 5,000,000 or RUB 500,000
•     Minimum amount per transfer: AMD 1,000 AMD or RUB 100

Receive

•     Currencies: USD, EUR, AMD, and RUB
•     Monthly maximum limit: AMD 20,000,000 or RUB 5, 000,000

Customers can utilize the UBPAY service at all branches of AraratBank.