eTranzact has emerged the technology solution provider for the Military Pensions Board’s new digital verification system for military pensioners, officially launched on July 1, 2024.
The company, in a statement, said the initiative marks a significant milestone in leveraging technology to streamline pension verification processes and enhance the welfare of military retirees across Nigeria.
It also stated that with Federal Government approval, the Military Pensions Board is transitioning from traditional physical verification method to an advanced electronic system developed and deployed by eTranzact.
“This transition aims to minimize travel risks, reduce transportation costs, and accommodate the advanced age of many pensioners,” Chairman, Military Pensions Board, Air Vice Marshal Paul Irumheson, emphasised the necessity of this transition, stating that the move to electronic verification is crucial for the safety and convenience of military pensioners.
He said this innovative solution would ensure that retirees can verify their status from anywhere in the world, significantly reducing the burden of travel and associated risks.
“The successful pilot exercise conducted between February 15 and March 1, 2024, demonstrated the efficiency and reliability of the new system. In addition to developing the verification system, eTranzact has managed salary payments for other government agencies. The implementation of this electronic verification system is a critical step towards ensuring foolproof and seamless payment processes within the Military Pensions Board.”
Chief Executive Officer of eTranzact,NiyiToluwalope, expressed enthusiasm about the partnership, saying: “We are honoured to collaborate with the Military Pensions Board on this transformative project. At eTranzact, we are committed to harnessing the power of technology to solve critical challenges and improve the quality of life of Nigerians.”
The post e-Tranzact deploys digital verification for military pensions appeared first on Guardian Nigeria News.
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