Nigerian Military, eTranzact launch e-payment cards for pensioners

18 November 2016

Money Transfer

E-payment service provider, eTranzact International Plc, in collaboration with the Military Pensions Board, has launched an electronic payment card to offer identification, verification and rewards to all members of the Nigerian armed forces. pension Founder/CEO, eTranzact, Mr Valentine Obi launching the Military Pensions card with Minister of Defence, Mansur Mohammed Dan Ali in Abuja. The card will allow over 100,000 retired members of the Army, Navy and Airforce access a biometric military pension card with a 4-in-1 value proposition: identification, verification, rewards, including receiving and making payments. Speaking at a press conference for the launch of the card in Abuja, the

Founder/CEO of eTranzact International, Mr. Valentine Obi, said: “We are happy to be key partners in this great and commendable project in support of our courageous ex-service personnel and military pensioners. The resilience and courage of the Nigerian military is a source of joy to everyone and we hope that this pension card project not only solves identification and verification issues for the military but also gives the private sector an opportunity to offer special rewards and discounts.”

According to eTranzact, the card offers immense benefits to its recipients as it can be tied to a bank account, attached to a mobile money wallet or operated as a stand-alone reloadable card. Other benefits like a 5 per cent discount on airtime top-up, discounts on airline tickets, restaurant discounts, etc., are other benefits thatare possible with the card. It added that the card scheme powered by eTranzact, in partnership with Mastercard and Access Bank, allows holders perform financial transactions at any ATM or POS, and can also be used for Web transactions.

Source: Vanguard 16 November 2015