YEREVAN, November 6. \/AR\u041a\u0410\/. Armenian Prime Minister Nikol Pashinyan has mandated that pension payments be conducted solely through cashless methods.<\/p>\n\n\n\n
“At present, individuals over 75 receive their pensions in cash. I am allowing two weeks for all pensioners to transition to receiving their pensions exclusively through electronic means. Effective January 1, cash payments must be entirely phased out,” Pashinyan stated during a government meeting on Thursday.<\/p>\n\n\n\n
The prime minister emphasized that the cashless system is also more beneficial for individuals with limited mobility.<\/p>\n\n\n\n
“Whereas previously a pensioner would give cash to someone for purchases, they can now simply provide their card and still benefit from cashback on cashless transactions,” he remarked.<\/p>\n\n\n\n
The cashback initiative for pensioners and benefit recipients in Armenia has been operational since July 1, 2022. Initially, they were granted a 10% cashback on their monthly expenditures (up to a cap of 5,000 drams per month).<\/p>\n\n\n\n
Subsequently, the cashback rate was raised to 12% (up to a maximum of 6,000 drams). The cashback is disbursed by the 25th of the subsequent month.<\/p>\n\n\n\n
Beginning January 1, 2026, the cashback percentage will rise to 20%. ($1 = 383.05 drams).-0-<\/p>\n","protected":false},"excerpt":{"rendered":"
Armenian Prime Minister Nikol Pashinyan has mandated that pension payments be conducted solely through cashless methods.<\/p>\n","protected":false},"author":5,"featured_media":259478,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12315,9214,9216],"tags":[15837],"class_list":["post-268074","post","type-post","status-publish","format-standard","has-post-thumbnail","category-announces","category-banks-en-en","category-news","tag-armenia-2"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t