Quick answer

Armenian translation coming soon. GeraCash is an AMD-native digital wallet and cross-border transfer service, regulated as a payment provider under the Central Bank of Armenia (CBA / Կենտրոնական բանկ) and operated in coordination with partner local banks. Send funds to and from Armenia to the diaspora in Los Angeles, Moscow, Paris, Toronto, Beirut, Buenos Aires; pay with Idram, Easy Pay, Tel-Cell, Arca card, Visa, Mastercard; receive into Ardshinbank / Ameriabank / Converse / ACBA / Inecobank accounts or into an Idram wallet.

Regulation — Central Bank of Armenia (CBA)

Financial services in Armenia are regulated by the Central Bank of Armenia (CBA), which supervises banks, payment providers, and currency exchange. GeraCash operates under CBA-aligned compliance: full KYC at onboarding (RA ID card or passport, biometric verification, address proof), AML/CFT monitoring consistent with FATF standards, and transaction reporting thresholds consistent with CBA guidance. For diaspora senders abroad, local regulatory regimes apply (UK FCA for UK senders, FinCEN for US senders, ACPR for France, etc.).

Pricing in AMD

Open account: free
Domestic Idram-to-GeraCash / GeraCash-to-Idram: free
Card top-up (Arca / Visa / Mastercard): 0–1.5% depending on card issuer
Cross-border receive (USD / EUR / GBP → AMD): typical 1–2% all-in, versus 5–10% at Western Union / MoneyGram shops in Yerevan
FX markup: real mid-market rate + ~0.6%
Send out to Armenian bank: free (1–3 business days)
Instant Idram settlement: free

Payment rails in Armenia

Idram — the dominant Armenian e-wallet; two-way integration (transfer in / out instantly)
Easy Pay — top-up at thousands of merchants and kiosks
Tel-Cell — kiosk and app top-up
Arca card — national Armenian card scheme
Visa / Mastercard — all Armenian bank-issued cards
Bank transfer — Ardshinbank, Ameriabank, Converse, ACBA, Inecobank, Araratbank, HSBC Armenia

Diaspora remittance — the real unlock

An estimated 7–10 million Armenians live outside Armenia. Remittance flows to Armenia are a significant share of GDP (typically 8–15% depending on year). Historical channels are expensive: Western Union, MoneyGram, and bank-to-bank wires often cost 5–10% all-in. GeraCash delivers the same remittance at typically 1–2% via card-in / Idram-out or bank-transfer-out.

Typical flow: an Armenian in Glendale sends $500 USD via US-issued card. Recipient in Arabkir receives ~195,000 ֏ (AMD) instantly into their Idram wallet. Total cost to sender: ~$5–8 inclusive of FX and fees.

Armenian use case — household bills + Idram

A household in Malatia-Sebastia uses GeraCash as their primary salary-receipt and bill-paying wallet. Monthly salary lands from their employer's SRC-registered payroll; utilities (electricity, gas, water, internet) are scheduled to Idram auto-pay out of GeraCash; remittance from a parent in Moscow tops up the wallet mid-month. Everything in AMD, transparent fees, single-app view of cashflow.

GeraCash vs. Idram / Telcell-Money / Ameria Business Banking

Idram: best-in-class for domestic Armenian payments; limited international send/receive
Telcell-Money: strong top-up / kiosk network; limited cross-border
Ameriabank / Ardshinbank mobile apps: excellent for account holders; diaspora senders need SWIFT wires and full-KYC
GeraCash: positioned for the diaspora-remittance + domestic wallet overlap; two-way Idram integration; AMD-first but USD/EUR/GBP/CAD/RUB receive

Cross-product

GeraSure — pay premiums in AMD from your GeraCash wallet
GeraMarket — seller payouts to GeraCash for instant AMD settlement
GeraRent — pay Dilijan / Tsaghkadzor rental deposits from diaspora

Next step

Open a free Armenian GeraCash account. KYC via RA ID card typically completes in under 5 minutes; AMD wallet issued same day.