Yerevan
Tbilisi
Moscow
Paris
Los Angeles
Beijing
English
Հայերեն Русский
Main Timeline Video Share
May the Holiday Warm Hearts: Idram and IDBank Support the Children of Heroes Beneficiaries of the "By Your Side" program at IDBank AraratBank Named Large CSR Company of the Year Idram Joins the Fight Against Food Insecurity Ucom’s Renovated Sales and Service Center in Yerevan Mall Reopens 1% idcoin instead of New Year’s suffering: practical tips Idram Junior Donated Books to Schools Big Christmas Market with Idram, IDBank and idplus Ucom Supports Wildlife Monitoring in Ararat Region IDBank, Idram, and idplus at the Big Christmas Market Converse Bank Deputy CEO and CFO, Grant Akopian, Elected to BACEE Board Ucom and SunChild NGO Install a Solar Plant in Alaverdi Kindergarten
Timeline
EBRD lends US$ 40 million to Acba bank for youth-led firms in ArmeniaHeading Into 2026 at Ucom Speed։ New Year Offers Are Now Live Bvik and Idram Standing by Young ReadersIDBank participated in the conference dedicated to the 10th anniversary of the Armenian Institute of Directors AxelMondrian Wins Three Major International Awards for Branding, PR and Film Production in 2025Ucom Promotes Space Engineering Education Global Finance names AraratBank Best Sub-Custodian Bank 2025 in ArmeniaAraratBank Participates in “Women’s Empowerment Principles in Armenia” Conference Unibank’s Perpetual Bonds Were Acquired in Nearly One Day Acba bank and France’s Proparco to continue strengthening their long-term strategic partnershipTeam Holding Announces the Launch of Bond Placement. Underwriter - Freedom Broker Armenia Unibank Issues the First in Armenia Perpetual Bonds Team Holding Announces the Launch of Bond Placement. Underwriter - Freedom Broker Armenia AraratBank Joins Armenia's New Greening Initiative: 100 Hectares of New Forest within Three YearsApply for a Unibank salary card and get a chance to win 1 000 000 AMDEuromoney Names Ameriabank Armenia’s Best Bank for Real Estate for the Second Year in a Row S&P Global Ratings has assigned IDBank CJSC a long-term rating of “BB-” and a short-term rating of “B” with a “stable” prospectAn unprecedented Evening for the Armenian Fashion and Hospitality Industry: World-Renowned Dress Designer Jacob Meyer Presents His Masterpieces at the ONE&ONLY Antigravity Theatre in The Dvin HotelA Brand-New Section on Idram&IDBankSeveral real and profitable offers ahead of Black Friday: IDBank and Idram
All Timeline »
Society

UPay has joined Idram's Open QR infrastructure

At a press conference held on September 23, Idram announced the opening of its QR infrastructure. On the same day, it was revealed that Upay has joined the Open QR system. Now, Upay users can scan and pay using the Idram QR code available at more than 22,500 points of sale through their applications.

Arsen Kdenyan, CEO of Idram, opened the press conference by welcoming the partners who have already joined the infrastructure. He shared that negotiations are ongoing with other financial system representatives, who will soon have the opportunity to join Idram's open QR. "This initiative benefits financial organizations by providing their users and customers with an alternative payment option at over 22,500 points of sale. Furthermore, users of these organizations can make contactless QR payments without needing to download additional applications," noted Arsen Kdenyan.

"We are pleased to join this initiative from Idram, considering our strategy focused on continuously enhancing the user experience with the Upay e-wallet. Fast and contactless payments have become a necessity today, and by participating in this project, we take another step towards providing our clients with convenient and accessible payment solutions. I believe that collaboration within the Open QR infrastructure will help create a new payment ecosystem in Armenia," noted Hasmik Gevorgyan, Director of Upay. ("Upay" company was founded by Ucom)

Albert Tunyan, Head of Idram's Key Account and Digital Payments Projects Unit, explained that, from a technical perspective, the process of joining Idram's open QR system is straightforward. It is facilitated through the use of modern and standardized APIs. "By infrastructure, we refer not only to the technical solution that enables users of other banks or payment organizations to scan Idram's QR codes using their applications. It also includes establishing partnerships, resolving technical issues, and creating customer support mechanisms," said Albert Tunyan.

Evocabank, Fast Shift, Upay, and Easy Pay have officially joined Idram's open QR infrastructure. Cooperation agreements were signed with these companies, marking their integration into the open QR system. Additionally, Idram has notified banks and settlement organizations operating in Armenia that they are open to further collaborations.

COMPANIES ARE SUPERVISED BY RA CBA