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.
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.
Culled from Vanguard
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