YEREVAN, May 19. /ARKA/. The Armenian government has approved today a decision that will allow senior citizens to earn a certain amount of cashback if they use their credit or debit cards to pay for purchases.

The decision comes into force from July 1, 2022. According to the decision, pensioners who hold cards of the banks which are government’s partners will be refunded 10% of the total amount spent on payments and purchases in the previous month.

Labor and Social Affairs Minister Narek Mkrtchyan noted that the total amount of cashback may not exceed 5000 drams a month. These amendments will also apply to payment of utility bills through ATMs of partner banks.

Before June 1, the Ministry of Finance will publish the list of banks which have joined this program.

The Minister said that this program will also cover the citizens who receive allowances on their bank cards. --0--