The number of beneficiaries of the cashback program for pensioners increased by 973%

YEREVAN, December 25. /ARKA/. According to the data of July 2022, the number of beneficiaries of the of 10% refund from pension and benefit program from non-cash transactions, has grown by 16,903, the volume of non-cash circulation (monthly) was 0.52 billion AMD, and 390,000 citizens received their pension or benefit by card, the Ministry of Labor and Social Affairs reported alst Friday.

As of November 2023, the number of beneficiaries of the program increased by 973% to 164,879, the volume of non-cash circulation (monthly) reached 6.97 billion, an increase of 1,340%, and the number of people receiving pension or benefits by card became 515,000, increasing by 32%.

Prime Minister Pashinyan noted that pensioners should be informed about the changes implemented in this direction. 

“Before, we used to say: 4-5 banks participate in the program, change the bank, etc. It doesn’t matter now, with all banks, 10 percent of pensioners’ non-cash expenses are refunded. I appeal to our dear pensioners, especially in rural areas, where shops refuse to accept non-cash payments, to raise the matter to the State Revenue Committee,” he said.

The cashback program  has been in effect since July 1, 2022. It was extended by the  the Armenian government until the end of 2023. -0-

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