Idram presents new app for IPhone and Android platforms to manage accounts from cellular phone

YEREVAN, July 18. /ARKA/. Idram company presented today a special application it has developed for iPhone and Android platforms, which allow managing virtual accounts in Idram system directly from a mobile phone.

The company was licensed by the Central Bank of Armenia on 29th of December, 2009. Idram LLC is the first in Armenia that has received permission from the Central Bank to issue electronic money.

The company's goal is to develop capabilities of money transfers in Internet-environment.

A company director assistant, Gevorg Poghosian said the application allows users to register, to cash their accounts, to make transfers and payments.

To use electronic money one has to register in the system and store electronic scores, each of which is an equivalent of one dram. Idram scores can be obtained through subsidiaries, POS-terminals, bank branches, as well as through Visa, ArCa and MasterCard.

The system provides seven levels of protection, and access to it an be performed without the use of special programs either from a phone or computer. To use this system, users must not necessarily have a bank account, as is the case with the largest electronic payment system Paypal in the USA.
Idram electronic money can be converted to electronic money of other foreign systems. Idram’s main activity is to boost Internet-based payment services. -0-