As Government continues to improve the delivery of services to pensioners and National Insurance Scheme (NIS) contributors countrywide, Senior Minister in the Office of the President with Responsibility for Finance Dr. Ashni Singh said pensioners now have a total of 4,779 locations countrywide where they can encash their pension vouchers. Dr. Singh was at the time delivering the feature remarks in the presence of the NIS Chairman and Board as well as the various payment provider agency officials during a ceremony held at Herdmanston Lodge to launch three new payment options for pensioners-namely Mobile Money Guyana (MMG), MoneyGram and Bill Express.

“So, between these three new partners, we have, of course, the mobile money option, which means that once you have an MMG wallet in your phone, you can now receive your NIS pension directly into your MMG wallet and spend directly from the MMG wallet. But if you chose to withdraw cash from your MMG account, you have 4,672 locations countrywide where you can do that. So, between these three partners alone, we have now added 4,779 locations where NIS pensioners can now receive their NIS pensions. And that’s a very staggering number,” the finance minister posited.

Meanwhile, Dr. Singh also pointed out that the number of pensioners receiving pension directly into their bank accounts has more than doubled to 24,415 moving from 11,932 in 2020. He then urged the remaining 39,052 who are receiving their pensions via a pension book to exercise the option of getting their NIS pensions paid directly into their bank account.