On April 15, the official opening of the imID office – a trust service provider – took place along with the presentation of the project.

In the era of technological progress, digital transformation has become a top priority, and Armenia is no exception. With a national digitalization strategy, Armenia is also promoting personal data protection and enabling fast and reliable processes in the digital domain, supported by trust service providers.

With this vision and the goal of creating an effective digital identity tool, in 2024, ten Armenian banks and three telecommunications companies joined forces to establish imID.

IDBank is also a member of imID’s Founding Board.

According to Mher Abrahamyan, Chairman of the Management Board of IDBank, imID will allow Armenian citizens to access high-quality, secure, and affordable services in the modern digital world:

“From a business perspective, imID also plays an important role: it will contribute to the fast and secure implementation of business relationships, reducing business costs and increasing efficiency.”

Sergey Arakelyan, Director of Digital Banking at IDBank and member of the Board of Trustees of imID, noted that the trend of digitalization is global: “We expect Armenia to stay on track with the development of the digital economy, leveraging the technological opportunities that imID is planning to introduce in the near future.”

imID offers secure and reliable electronic identity solutions for individuals, businesses, and government entities. The company enables users to register electronically, log in via imID, confirm transactions, and sign any digital document online – all without the need for physical presence.

IDBank is supervised by the CBA.