AraratBank Introduces UBPAY: A New System for International Transfers

YEREVAN, OCTOBER 21, ARMENPRESS. 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.