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Pensioners Get Faster, Easier Payments

Pensioners Get Faster, Easier Payments

Published 2 days ago
Description

Pensioners in Guyana are getting a massive upgrade thanks to the National Insurance Scheme’s latest expansion—jumping from 77 to over 4,800 payment points, slashing travel and wait times. Celebrating its 600th board meeting since 1969, the NIS now partners with Mobile Money Guyana, MoneyGram, and Bill Express to bring cash access to every neighborhood, especially remote ones. Senior Minister Dr. Ashni Singh insists no more long queues—options are voluntary, from digital wallets to local agents. Meanwhile, direct bank deposits have more than doubled since 2020, with new campaigns pushing for wider adoption. Claims processing has also sped up from months to weeks, backed by financial surpluses and a growing contributor base—showing a modern, efficient pension system in action.

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