Armenia Open Banking

Armenia Payment Systems and Open Banking Framework

UpcomingPayment ServicesEurope
🌍
Jurisdiction
Armenia
📅
Effective Date
TBD
✅
Full Compliance
TBD
🏛️
Regulator
Central Bank of Armenia

Overview

The Central Bank of Armenia (CBA) supervises banks and payment service providers under the Law on Payment and Settlement Systems and Payment and Settlement Organisations and the Law on Banks and Banking. Licensed banks offer account and payment services; non-bank payment institutions include money transfer and processing/clearing entities. Open banking and third-party API access are not yet mandated. The CBA joined the Global Financial Innovation Network (GFIN) in July 2025 to develop fintech and regulatory sandbox capacity, supporting future open banking and open finance initiatives.

Scope & Coverage

Payment ServicesBanking Supervision

Key Requirements

1
CBA licensing for banks and payment institutions
2
Payment and settlement systems oversight
3
Compliance with payment services law
4
Consumer protection and supervision

Implementation Timeline

Nov 24, 2004
Law on Payment and Settlement Systems and Payment and Settlement Organisations adopted
Jul 1, 2025
Central Bank of Armenia joined GFIN

Official Documents & Resources

Key Notes

CBA is building regulatory capacity via GFIN. Open banking API framework not yet in force.

Official Resources

Related Regulations

Other open banking frameworks in Europe:

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