Thursday, May 19 2022 11:50
Naira Badalian

Armenia`s pensioners to get 10% cash-back on payments 

Armenia`s pensioners to get 10% cash-back on payments 

ArmInfo.Armenia's authorities will introduce cash-back on cashless deals by pensioners and people receiving benefits. Next week the beneficiaries will get 10%  cash-back (up to AMD 5000 or about $10) on their cards in effecting  payments by mans of card of partner-banks.

At a Cabinet meeting on May 18, Minister of Labor and Social Affairs  Narek Mkrtchyan said that cash- back will also be effect in utilities  payments by mans of POS and ATMs 

The government will release a list of partner banks before June 1 for  citizens to choose among them. 

The pilot project will last for six months. 80% of pensioners are  expected to become project beneficiaries.  A total of AMD 5.66bln  will b allocated from the state budget.

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