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":{"0":"post-268074","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-announces","8":"category-banks-en-en","9":"category-news","10":"tag-armenia-2"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/268074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=268074"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/268074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/259478"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=268074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=268074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=268074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}