ARMENIAN COMPANY "MEGA PANTERA" RECEIVED 30 THOUSAND APPLICATIONS FOR RECEIVING PENSIONS AND THE VOLUME OF PAYMENTS CAN MAKE 1 BILLION DRAMS

/ARKA/
February 18, 2011
YEREVAN

YEREVAN, February 18. /ARKA/. As of today, payment company "Mega
Pantera" received about 30 thousand applications from pensioners for
getting pensions, said Director of the company Suren Stepanyan.

New pension payment system was introduced in Armenia since 2011
which is implemented through the banks and payment systems. Payment
of pensions by new order will start on March 1, 2011.

"According to our calculations, the amount of the payments was made
on the basis of average pension size and will be from 800 million to 1
billion drams", said Stepanyan in the press-conference in international
press-center "Novosti" on Friday.

In filling the application form the data, mechanism by which the
pensioner wants to receive the pension and the name of the organization
through which the pensioner wants to receive the pension is mentioned.

According to the new order, each pensioner decides how to get pension -
in cash, by courier or by opening bank account in the selected bank.

The company will provide services in all administrative districts of
Yerevan via 14 offices.

"From March 1 our employees will render services to the pensioners
who would like to visit our branches", said Stepanyan.

In the initial phase we will give pensions also in the regions of
the country.

Commissions of the companies participating in pension payments will be
paid according to the contract signed with the ministry which makes 1%
of pension. Services to the pensioners are provided free-of-charge.

Currently, 15 banks and six payment organizations participate in the
process of pension payment in Armenia.

Payment organization "Mega Pantera" was established in 2007 in
Armenia. It is a system of momentary payment " Megapay" which gives
opportunity to make payments for mobile, fixed communication and IP
telephony, bookmaker services, Internet connection and utility. The
company has 450 payment terminals in Yerevan and the regions.

There are over 519.8 thousand pensioners living in Armenia as of
December 31, 2010. Average pension size is 24 thousand 700 drams. ($1 -
366.08 drams).




From: A. Papazian