Bank-to-bank ArcaPay transfers via AEB Mobile

Continuing to expand the scope of its digital services, Armeconombank has joined the ArcaPay system.

The bank’s individual retail clients can now make instant bank-to-bank transfers via AEB Mobile simply by entering the recipient's phone number - without the need for card or account details.

The terms of the transfer are:

•    Currency: AMD
•    Commission fee: 0%
•    Maximum number of daily transactions: 10
•    Maximum amount per transaction: 1,000,000 AMD
•    Minimum amount per transaction: 500 AMD
•    Daily transaction limit: 5,000,000 AMD

To make a transfer via ArcaPay using a phone number you need to:

•    Log in to the AEB Mobile application and tap the “+” sign.
•    Select the ArcaPay section.
•    Enter the recipient's phone number or choose it directly from your contact list.
•    Select the recipient's bank, fill in the required details, and tap the “Transfer” button.

To receive a transfer via ArcaPay using a phone number you need to:

•    Log in to the AEB Mobile application and open the Menu.
•    Select the ArcaPay section.
•    Set Armeconombank as your preferred bank.

ArcaPay transfers can also be executed through the AEB ONLINE system.

Transfers can be made to any bank participating in the ArcaPay system. You can view the list of participating banks here.

Bank-to-bank transfers via ArcaPay are free of charge until December 31, 2026.

Armeconombank is supervised by the Central Bank of Armenia.