Armenia grants ALE PAY a money remittance licence

By Resolution 242-A of 8 September 2026, the Central Bank of Armenia granted ALE PAY a payment and settlement organisation licence. The official decision page is dated 8 September. The decision specifically identifies money remittance transactions as the licensed activity.

The board considered the company’s applications and the conclusion of the CBA’s Licensing and Supervision Committee. The decision cites the legislation on payment systems and organisations and Regulation 17/01 governing licensing in the sector.

The announcement concerns the admission of a specific payment provider in Armenia. Its permitted activity is defined by the resolution and does not imply crypto-asset service authorisation. Entry into force is linked to receipt or delivery of the decision to the company; the published text does not provide the actual delivery date.

Source: Central Bank of Armenia, 8 September 2026.

Illustration: AI-generated for this publication.