Regulatory Alerts2025-07-29 | 8753Central Bank of Armenia Grants Cooperation Permit for Ubpay with Uremit and Isend
The Board of the Central Bank of the Republic of Armenia issued Resolution No. 124 A on July 29, 2025, to grant cooperation permits for the Armenian money transfer system Ubpay to engage with foreign systems Uremit and Isend. This decision was enacted pursuant to relevant provisions of the Law on the Central Bank and the Law on Payment Systems, following a comprehensive application process by Unibank submitted throughout 2024 and 2025. The resolution takes effect immediately upon adoption, formalizing the regulatory approval for these cross-border payment activities.
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