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mConverse, first mobile bank of Armenia, is a serious stimulus for development of e-commerce

  • by Erik Abrahamyan

  • Thursday, July 3, 17:23

 Converse Bank is launching mConverse, a new mobile application, which is a new page in the history of online payments and a serious stimulus for development of e-commerce in Armenia. The press service of the Bank has told ArmInfo that with the help of that service the customers will be able to manage their accounts, make money transfers, follow the currency quotation and pay for utility services. The software operates not only on Android and iOS-based smartphones, but also on a computer after registration. mConverse is based on DOOCAT designed and developed by Gallery Systems.        

The source says that the software enables the customers to pay for goods and services by only using a smartphone and mobile application. Trade centers will also be able to make use of the software by sending the payment orders to a customer's application. The payment orders can be sent to the customer's mobile telephone. A QR code will be generated in mConverse for each user. As soon as the buyer confirms the order, the funds will be transferred to the seller's account in Converse Bank. 

To recall, along with mConverse, the Bank also presented e-commerce products such as Visa Virtual Account and eCommerce at the annual Digital Business Forum in Yerevan on June 21-22. 

To note, "Converse Bank" CJSC was founded in 1993. The shareholders of the Bank are Advanced Global Investments (95%) and the Mother See of Holy Echmiadzin (5%). The Bank has 35 branches, with most of them being in the marzes.

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