Main supplier of revolutionary monetary expertise options, eTranzact, has introduced its function because the expertise answer supplier for the Navy Pensions Board’s new digital verification system for navy pensioners, formally launched on July 1, 2024.
In a press assertion, the corporate stated that the initiative marks a major milestone in leveraging expertise to streamline pension verification processes and improve the welfare of navy retirees throughout Nigeria.
It additionally said that with Federal Authorities approval, the Navy Pensions Board is transitioning from conventional bodily verification strategies to a sophisticated digital system developed and deployed by eTranzact. “This transition goals to minimise journey dangers, cut back transportation prices, and accommodate the superior age of many pensioners. Air Vice Marshal Paul Irumheson, Chairman of the Navy Pensions Board, emphasised the need of this transition, stating that the transfer to digital verification is essential for the security and comfort of navy pensioners. This revolutionary answer will make sure that retirees can confirm their standing from anyplace on this planet, considerably lowering the burden of journey and related dangers.
“The profitable pilot train carried out between February 15 and March 1, 2024, demonstrated the effectivity and reliability of the brand new system. Along with growing the verification system, eTranzact has managed wage funds for different authorities businesses. The implementation of this digital verification system is a vital step in direction of guaranteeing foolproof and seamless cost processes throughout the Navy Pensions Board.
“Minister of State for Defence, Dr. Bello Matawalle, and the Chief of Defence Employees, Normal Christopher Musa, have endorsed the digital verification train, recognizing its potential to revolutionise the navy pensions system. The important thing advantages of the digital verification system embody enhanced safety by lowering the chance of id fraud and impersonation, comfort by permitting pensioners to finish verification from their houses, value effectivity by eliminating the necessity for journey, and accessibility by accommodating pensioners residing each inside and outdoors Nigeria,’’ the assertion learn.
Niyi Toluwalope, CEO of eTranzact, expressed his enthusiasm for the partnership, saying, “We’re honoured to collaborate with the Navy Pensions Board on this transformative venture. At eTranzact, we’re dedicated to harnessing the ability of expertise to unravel vital challenges and enhance the standard of lifetime of Nigerians. This digital verification system affirms our dedication to innovation and excellence.”
