ArmInfo.Armbusinessbank, Ardshinbank and VTB Bank Armenia are involved in a government programme introducing cash-back for pensioners and people receiving benefits.
The beneficiaries will get 10% cash-back in effecting payments by means of cards of partner-banks, Armenia's Minister of Labor and Social Affairs Narek Mkrtchyan stated at a Cabinet meeting on Thursday.
According to the minister, 390,000 of the 560,000 Armenian pensioners are receiving pensions by means of bankcards, with only 1,000 of 80,000 benefit recipients using cards. Mr Mkrtchyan believes that many of them will start using bankcards.
From this August, 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 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.
Chairman of the RA State Revenue Committee Rustam Badasyan reported earlier that about 12,000 of the 62,000 cash registers have POS functions, and Armenia's authorities are working to provide the others with such functions.
