Armenia to introduce universal cashback system for cashless payments

Armenian Prime Minister Nikol Pashinyan announced on Monday that a universal cashback system for cashless transactions will be introduced in Armenia. He made the remarks during a joint parliamentary committee hearing on the government’s 2026 budget bill.

“Next year, we will implement a universal cashback system. All citizens will receive 2% cashback on cashless purchases,” Pashinyan said.

The Prime Minister also noted that the existing cashback system for pensioners will continue and be further developed: Under the government’s proposed bill, the cashback rate for cashless payments will increase from the current 12% to 20%, and the maximum cashback amount will rise from 6,000 to 10,000 Armenian drams.

As a result of these changes, pensioners who receive their pensions and make purchases via cashless methods can expect their pensions to increase by 3,000–4,000 drams.