Fast Bank | News

Fast Bank has received a license to issue and acquirer Mastercard cards. As a result of this cooperation, the Bank will soon offer its customers Mastercard World and Mastercard World Black Edition cards. “We are very pleased with the opportunity to issue and acquirer Mastercard cards, as this is an important step towards making the RA banking industry one of the most modern and advanced in the world. We look forward to offering the benefits of Mastercard cards to our customers and providing them with more financial management options”- mentioned the representative of Fast Bank. Following its acquisition of a Mastercard membership license, the bank works to enhance the availability and speed of financial services in Armenia by implementing innovations, growing its network of ATMs, issuing cards, and providing other infrastructures. "This news is important for Mastercard because cooperation with modern tech companies is an integral part of our mission and vision. We believe that the future is cashless, and we a...

Digital banking is an important and evolving topic in both the global and Armenian financial sectors, aiming to provide banking services to customers through the use of technology and digital platforms. This approach has gained significance, especially in recent years, as people seek alternative ways to efficiently manage their finances. Fast Bank’s Board member Daniel Hiller, who has been in the finance industry since the '80s, referred to development trends of digital banking in Armenia and the importance of maintaining physical contact with customers in that context. “At Fast Bank, we are continuously investing in technology to improve our digital banking services, while at the same time investing in our staff to ensure that customers still have access to the personal touch that is so important. I do believe that a combination of both traditional face-to-face banking and digital banking can provide the best customer experience. The customer is the center of the business model, whom we will provide individu...