Regulatory Alerts2025-02-25 | 8048Removing Arabkir 3 Branch Office of Upay CJSC from Recordkeeping
The Board of the Central Bank of the Republic of Armenia issued Resolution No. 25 A on February 25, 2025, to remove the Arabkir 3 Branch Office of Upay CJSC from official recordkeeping. This administrative action follows a formal request submitted by Upay CJSC on February 13 and 17, 2025, pursuant to relevant provisions of the Laws On the Central Bank and On Payment Systems. The resolution mandates that the removal of the branch office becomes effective starting March 1, 2025.
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