Pensions Assigned After January 1, 2021, Will Be Paid in Cashless Method

The Ministry of Labor and Social Affairs of the Republic of Armenia has announced that pensions assigned after January 1, 2021, will be paid in a cashless manner.

The transition to a card-based pension payment system will be implemented in phases. A bank card will be provided and serviced free of charge.

Starting January 1, 2021, Haypost will launch a new electronic system for pension payments to ensure the accessibility and affordability of payment services.