easywallet 2026: a review of the wallet for money management and fast payments

easywallet is a digital wallet from the Armenian company EasyPay that allows users to pay utility bills, transfer money, repay loans, buy tickets, pay fines and carry out other everyday financial transactions.

The main advantage of easywallet is its wide payment catalogue. The app provides access to more than 1,000 services, while the wallet can be topped up in cash through a network of more than 4,000 EasyPay terminals across Armenia.

According to AFM’s 2026 ranking, easywallet took first place among eight digital wallets in Armenia by service coverage. At the same time, the app has certain limitations: it does not offer its own bank card, NFC payments, Apple Pay, Google Pay or interest accrual on the account balance.

In this review, we explain how easywallet works, which transactions are available to users, how much transfers cost and who this wallet is best suited for.

Key takeaways

The easywallet app is available for iOS and Android smartphones.

With the wallet, users can:

1. pay utility bills;
2. top up mobile balance and internet;
3. transfer money to other users;
4. receive transfers from Russia and other countries;
5. repay loans;
6. pay for parking and vehicle fines;
7. arrange MTPL insurance;
8. buy tickets to events;
9. pay for purchases by QR code;
10. receive EasyCoin bonuses.

How to register in easywallet

Registration is completed in the app and takes a few minutes.

Step 1. Install the app

Download easywallet from the App Store or Google Play.

Step 2. Enter your phone number

To create an account, you will need an active mobile number. A confirmation code will be sent to this number.

Step 3. Fill in your personal details

You need to provide:

1. your name;
2. email address;
3. login password.

Step 4. Complete identification

After basic registration, wallet functionality will be limited. To top up the wallet from a bank card, withdraw funds, receive cashback and use a number of other features, you need to verify your identity.

This is not only an internal service rule, but also a requirement under Armenian legislation: financial institutions and payment services must identify users to prevent fraud, money laundering and other illegal transactions.

How to complete identification

easywallet identification is completed online inside the app.

The user needs to:

1. Take a photo of their passport or ID card.
2. Take a selfie.
3. Wait for the data to be checked - this usually takes a few hours.

The system automatically compares the user’s photo with the image in the document. Facial recognition technology is used for verification.

If the online procedure cannot be completed, the user can visit one of EasyPay’s branches and complete identification in person.

Can a non-resident use easywallet?

Non-residents of Armenia can use easywallet, but additional requirements and restrictions apply to them.

As a rule, they will need:

1. an Armenian phone number;
2. a social card;
3. a card issued by an Armenian bank.

Non-residents cannot open a free bank account through the app.

How to top up easywallet

The wallet can be topped up in cash, from a bank card or through other payment systems.

Top-up through an EasyPay terminal

This is one of the main advantages of easywallet for users who prefer cash or do not have a bank card.

The EasyPay network includes more than 4,000 terminals across Armenia. According to the data provided by the company, topping up the wallet through a terminal is available with no fee.

Before confirming the transaction, make sure to check:

1. the phone number or account number;
2. the recipient’s name;
3. the top-up amount;
4. the fee amount shown on the terminal screen.

Keep the receipt until the money is credited.

Top-up from a bank card

After completing identification, the wallet can be topped up from bank cards of supported payment systems.

The app works with the following cards:

1. Visa;
2. Mastercard;
3. American Express;
4. Arca;
5. Payoneer.

The actual fee may depend on the bank, card type, currency and transaction direction. The final amount should be displayed before the payment is confirmed.

Receiving money through Payoneer

easywallet supports transactions with Payoneer. This may be especially useful for freelancers, remote workers and users who receive payments from foreign clients.

According to AFM’s ranking, easywallet is the only digital wallet in Armenia covered in the review that offers native Payoneer support.

Before making a transfer, it is worth checking:

1. the account currency;
2. the exchange rate;
3. the Payoneer fee;
4. the easywallet fee;
5. the final amount to be credited.

Even if the wallet does not charge a separate fee, costs may arise from currency conversion or on the sender’s side.

How to withdraw money from easywallet

Money can be withdrawn from the wallet to a bank card after completing identification.

Cash withdrawals directly at EasyPay branches or post offices are not supported. easywallet also does not offer its own card that could be used to withdraw cash from an ATM.

Therefore, to receive cash, the user needs to:

1. Transfer money from easywallet to a bank card.
2. Wait for the funds to be credited.
3. Withdraw the money from an ATM of the servicing bank.

For this type of transaction, fees may apply on the easywallet side, from the bank card or from the ATM.

What services can be paid through easywallet?

The main competitive advantage of easywallet is its catalogue of more than 1,000 services.

Utility and household payments

In the app, users can pay for:

1. electricity;
2. gas;
3. water;
4. waste collection;
5. intercom services;
6. internet;
7. mobile services;
8. cable and satellite TV.

For many utility and household payments, no fee is charged.

Users can save payment details, combine several services into one payment and set up monthly automatic payments. This helps avoid entering utility account numbers every time and reduces the risk of late payment.

Before enabling automatic payments, make sure there will be enough money in the account on the payment date.

State and tax payments

Through easywallet, users can pay:

1. taxes;
2. customs duties;
3. state duties;
4. budget payments;
5. selected public services.

For some transactions, a fixed fee of 100 to 500 Armenian drams may apply. The exact fee is shown before the payment is confirmed.

EasyGarage for drivers

EasyGarage is a section of easywallet for managing vehicle-related expenses.

It allows users to:

1. check and pay traffic fines;
2. pay penalty points;
3. pay for parking;
4. arrange MTPL insurance;
5. receive notifications about new fines;
6. link a vehicle to the account;
7. top up balances for electric vehicle charging services.

MTPL is mandatory motor third-party liability insurance in Armenia. It covers damage that a driver may cause to other road users.

According to the stated terms, fines and parking payments through EasyGarage are available with no fee.

EasyEvents

Through the EasyEvents section, users can find events and buy tickets directly in the app.

The feature allows users to pay for:

1. concerts;
2. performances;
3. festivals;
4. entertainment events;
5. other partner events.

Event availability depends on organisers and connected ticketing platforms.

Financial services

easywallet also provides access to:

1. repayment of bank loans;
2. QR code payments;
3. opening a bank account for eligible users;
4. applying for an online loan;
5. insurance services;
6. payment for notary services.

After completing identification, users can apply for an online loan of up to 160,000 Armenian drams. The terms, interest rate and total cost of the

loan must be displayed before the agreement is signed.

Do not choose a loan only because it can be issued quickly. First, compare the interest rate, fees, term and total repayment amount.

Other payments

The catalogue also includes:

1. GG, Utaxi and Arpi taxi services;
2. medical centres;
3. charitable organisations;
4. online games;
5. entertainment services;
6. betting platforms.

When paying for services involving financial risk, it is important to set a personal spending limit in advance and check the legality and terms of the specific service.

How the EasyCoin bonus programme works

EasyCoin is easywallet’s internal bonus unit. 1 EasyCoin equals 1 Armenian dram.

Users can receive EasyCoin:

1. as part of promotions and special offers from partners;
2. as cashback for selected payments;
3. for participating in the referral programme;
4. in EasyPay contests and prize draws.

Under the referral programme terms, a user can receive 1,000 EasyCoin for inviting a friend, while the new user can receive 500 EasyCoin.

To participate in the cashback programme and receive some of the bonuses, the user needs to complete identification.

Accumulated EasyCoin can be exchanged for available goods and services. Before using them, check the bonus expiry date and the terms of the specific promotion.

Can you pay by smartphone through NFC?

NFC payments are not supported in easywallet.

The app cannot be used for contactless payments through Apple Pay or Google Pay. For payments at retail locations, a QR code is used if the merchant supports this payment method.

When paying by QR code, the user:

1. Opens the app.
2. Goes to the QR code payment section.
3. Scans the merchant’s code.
4. Checks the recipient’s name and the amount.
5. Confirms the transaction.

A QR payment is convenient at connected retail locations, but it does not replace a bank card in places where only POS terminal payments are accepted.

Is easywallet safe?

EasyPay is regulated by the Central Bank of Armenia. The company holds Central Bank of Armenia licence No. 17 and an ISO 27001 certificate in information security.

The following tools are used to protect the account:

1. password or PIN code;
2. Face ID;
3. Touch ID;
4. document verification;
5. biometric comparison of the user’s face with the photo in the document.

Who is easywallet suitable for?

Freelancers and remote workers

Payoneer support makes the wallet useful for users who receive payments from foreign clients.

However, before withdrawing money, it is important to compare the exchange rate and all fees. In some cases, a transfer through a bank account may be more cost-effective.

Vehicle owners

EasyGarage brings together fines, parking, MTPL insurance and other vehicle-related services in one section.

This allows users to link a vehicle, receive notifications and pay mandatory expenses without switching between several apps.

Users receiving transfers from Russia

easywallet is suitable for users who regularly receive money from Russia through the Faster Payments System.

The advantage is the ability to transfer money by phone number and with no fee within the terms set by the selected bank. The restrictions and limits of the sending bank should be checked separately.

Users who pay for many services

More than 1,000 available services, templates, group payments and automatic payments make it possible to cover most regular household expenses in one app.

This is convenient if you pay for utilities, internet, mobile services, loans and vehicle-related expenses every month.

Users without a bank card

The wallet can be topped up in cash through EasyPay terminals. This is useful for people who do not use a bank card or prefer to pay for services in cash.

At the same time, identification will still be required to access all features.

Pros and cons of easywallet

FAQ

How much does it cost to register in easywallet?

Registration and account creation are free of charge. A fee may apply to selected transfers, payments or withdrawals.

Can you use easywallet without identification?

After basic registration, not all features are available. To top up the wallet from a bank card, withdraw funds, receive cashback and carry out a number of other transactions, you will need to verify your identity.

How can you top up easywallet in cash?

The wallet can be topped up through EasyPay terminals. According to the data provided, the network includes more than 4,000 terminals across Armenia.

Can you receive a transfer from Russia?

Yes. Transfers are available through the Faster Payments System from connected Russian banks. Fees and limits depend on the sending bank.

Can you withdraw money to a card?

Yes, withdrawals to a bank card are available after completing identification. The final fee should be displayed before the transaction is confirmed.

Can you withdraw cash at an EasyPay branch?

No. Cash withdrawals directly at a branch or post office are not supported.

Does easywallet have a bank card?

No. easywallet does not have its own virtual or physical card.

Does easywallet work with Apple Pay and Google Pay?

No. The wallet does not support Apple Pay, Google Pay or NFC payments.

Can utility bills be paid with no fee?

Many utility and household services are available with no fee. Before making a payment, check the final amount on the app screen.

Is easywallet suitable for non-residents?

Non-residents can use the wallet if they meet additional requirements. They may need an Armenian phone number, a public services number and a card issued by an Armenian bank. Some features are not available to non-residents.

Bottom line: is easywallet worth using in 2026?

easywallet is one of the most functional digital wallets in Armenia for paying everyday services. Its strengths include more than 1,000 services, a large terminal network, transfers through the Faster Payments System and ArcaPay, Payoneer support and a dedicated EasyGarage section for vehicle-related expenses.

The wallet is especially convenient if you regularly pay utility bills, receive transfers from Russia, use Payoneer or want to manage vehicle-related expenses in one app.

At the same time, easywallet does not replace a bank card. The app does not offer its own card, NFC payments, Apple Pay, Google Pay, interest accrual on the balance or direct cash withdrawals. Therefore, for everyday purchases through POS terminals, you will need a separate bank card.

Before making a transaction, check the fee amount, exchange rate and applicable limits. The tariffs of banks, payment systems and the wallet itself may change.

Compare easywallet with other digital wallets in Armenia on AFM. Review the available top-up methods, transfers, fees and additional features to choose the right option and avoid overpaying.