Yes, Mastercard is available in Armenia. Mastercard is a multinational payment technology corporation that provides a platform for electronic payments for individuals, businesses, and organizations. Its payment processing network accepts credit cards, debit cards, commercial cards, and prepaid cards. Mastercard accepts more than 150 currencies and operates in over 210 countries and territories.1
Mastercard’s business is dependent in part on consumer spending and customers’ preference for electronic payments over cash and cheque transactions. One of its key sources of revenue is the processing fees charged to businesses that accept Mastercard cards, which include Maestro and Cirrus.
Mastercard approves, clears, and settles payment transactions made with credit cards such as the Citi Double Cash, Chase Freedom Flex, and Capital One Walmart Rewards Card. Mastercard credit and debit cards are easily identified by the Mastercard logo on the front or back of the card.
While Mastercard may provide certain perks for card issuers to include into their schemes, not all card issuers do. When searching for a credit card, consider the card issuer as well as the card’s incentives, features, and price rather than the card network.