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Build a new audience and boost your revenue by selling into Armenia, leveraging our proven global infrastructure to enter new markets with ease..
*The sale of certain products in this market may be subject to international export regulations. If you would like to learn more about selling into this market, lets chat.
Armenia has a developing economy, with its GDP rising 7.6% in 2019, which is viewed as the most elevated GDP development in Europe. Ecommerce is growing due to expanded use of the internet, credit cards, and online banking. There are limitations for ecommerce, however, due to little disposable income and an unregulated economy. Many people continue to prefer cash payments, and in many locations postal services are not robust enough to support ecommerce.
Throughout Europe, payment methods based on the banking rails are becoming more dominant, buy-now, pay-later solutions are on the rise, and digital wallets are becoming more widely accepted. Europe holds a lot of opportunity: the ecommerce market value is said to be worth EUR 717 billion at the end of 2020 (with a 12.7% increase since 2019).
Available currencies will depend on the payment method provider, as well as any regulatory restrictions.
Digital River can support the sales of these types of products for this specific market.
Credit cards are most popular payment method followed by digital wallets
The list below represents the current categories of payment options Digital River supports for this market.