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Armenia

No Open Banking

Armenia is located in the mountainous Caucasus region between Asia and Europe.

A graphic image showing world countries and border lines in different shades of blue, Armenia is made prominent being filled in orange colour.

65% of Armenians have access to the internet.

According to the Global Findex Database, 55% of adults in Armenia had bank accounts in 2021, leaving 45% unbanked.

According to Tracxn, there are 21 Fintech startups in the capital of Armenia.

Armenia ranked 59th out of 134 in Wiley’s Digital Skills Gap Index (DSGI) 2021.

Ozone API in partnership with Smart Data Foundry

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