A leading provider of innovative financial technology solutions, eTranzact, has deployed a new digital verification system, Military Pensions Board’s (MPB) for military pensioners.
In a statement, the chief executive officer of the digital platform, Niyi Toluwalope, noted that it was formally launched on July 1, 2024.
He stated that the initiative marked a significant milestone in leveraging technology to streamline pension verification processes and enhance the welfare of military retirees across Nigeria.
“This transition aims to minimise travel risks, reduce transportation costs and accommodate the advanced age of many pensioners. 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. This digital verification system affirms our dedication to innovation and excellence,” Toluwalope stated.
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Also, the chairman of MPB, Air Vice Marshal Paul Irumheson, stated that the move to electronic verification was crucial for the safety and convenience of military pensioners.
“This innovative solution will 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,” Irumheson stated.
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