Fast Shift – E-wallet and YoYo Kids App in Armenia
Explore Fast Shift features: 0% terminal fees, Fast Bank integration, and YoYo kids financial app. Learn about QR payments and blockchain support on AFM.
Services and fees — FastShift
available only with verification
available only with verification
available only with verification
available only with verification
available only with verification
News about loans
| Parameter | Data |
|---|---|
| Platform | Fast Shift LLC |
| App launch year | 2022 |
| CBA license | Regulated by the Central Bank of Armenia |
| Number of services | 350+ |
| Terminals | 1 000+ |
| Bank integration | Fast Bank |
| Application | iOS, Android |
Fast Shift is a digital wallet developed by Fast Shift LLC, integrated with the infrastructure of Fast Bank. The application allows users to make online payments, pay for more than 350 different services, and use a network of over 1 000 terminals across Armenia.
Through the wallet, users can also make online utility payments, including electricity bills, waste collection payments, and other services.
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Fast Bank clients
Fast Shift terminals are installed in many Fast Bank branches, making it easier to top up the wallet and perform various online payments.
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Families with children
The YoYo application helps children learn the basics of financial literacy. Parents can monitor their child's spending and transfer money to a child's wallet.
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QR payments
The wallet supports QR code payments through the Idram infrastructure, which is available in thousands of retail locations.
| Pros | Cons |
|---|---|
| 0% Fast Shift commission on most terminal transactions | Terminal network is smaller than market leaders (Telcell, EasyPay) |
| Integration with the Fast Bank ecosystem | Service catalog is smaller than those of major wallets |
| YoYo financial app for children | No NFC payments |
| QR payments supported via the Idram infrastructure (22,500+ locations) | The app does not offer full online payment for goods |
| Support for the Wallet X / AMDC blockchain wallet | No expense analytics or advanced payment statistics |
| PCI DSS certification (international payment security standard) | Relatively new player in the digital wallet market |
What is YoYo?
YoYo is an application developed by Fast Shift designed to teach children financial literacy. Parents can monitor their child's spending and transfer funds to the child's wallet.
How can I top up the wallet?
The wallet can be funded using a bank card or cash through Fast Shift terminals.
Is there a commission at the terminals?
Fast Shift states that its terminal transactions have a 0% commission, although partner banks may charge their own fees for certain operations.
Can utility bills be paid through Fast Shift?
Yes. The wallet allows users to make online utility payments, including:
Users can also check their utility balances in the app to view outstanding amounts and pay them immediately.
- electricity bills
- gas payments
- water payments
- internet bills
- waste collection payments
How can I pay for waste collection?
In the Utilities section, select the relevant service and complete the online waste collection payment.
Can I check my card balance in the app?
Yes. The app allows users to view details of linked cards and check their available balance.
Does Fast Shift support QR payments?
Yes. QR code payments are processed through the Idram infrastructure, which operates in more than 22,000 retail locations across Armenia.
Additionally, the application may provide access to other financial operations, such as:
- transfers to Viva-MTS numbers
- loan repayments
- access to partner services offering online or instant loans
