Removing Arabkir 3 Branch Office of Upay CJSC from Recordkeeping

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Removing “Arabkir 3” Branch Office of “Upay” CJSC, a Payment and Settlement Organization, from Recordkeeping

2025-02-25

THE CENTRAL BANK OF THE REPUBLIC OF ARMENIA

BOARD RESOLUTION

February 25,
2025
; No.

25 A

Removing “Arabkir 3” Branch Office of “Upay” CJSC, a Payment and Settlement Organization, from Recordkeeping

Pursuant to
Article 2 (3) and Article 20 (“ki”) of the Republic of Armenia Law “On the Central Bank of the Republic of Armenia”, and Article 21 (5) (“a”) of the Republic of Armenia Law “On Payment Systems and Payment and Settlement Organizations”;
Whereas on February 13, 2025 and February 17, 2025 “Upay” CJSC, a payment and settlement organization, submitted a letter of request, along with required documents/deliverables, to the Central Bank of the Republic of Armenia, asking for removal of its “Arabkir 3” Branch Office from the recordkeeping, the Board of the Central Bank of the Republic of Armenia

E n a c t s:

Remove “Arabkir 3” Branch Office of “Upay” CJSC, a Payment and Settlement Organization, from the recordkeeping.

This resolution to take effect starting March 1, 2025.

Martin Galstyan

Governor,

Central Bank of the Republic of Armenia

Yerevan

.