Ministry, GPOC exploring pension payouts through banks

Catherine Hughes

The Ministry of Public Telecommunications and the Guyana Post Office Corporation (GPOC) are currently researching the introduction of a debit card-like system for pensioners to receive their monthly payments, according to Minister Cathy Hughes.

Speaking at the GPOC’s annual press conference on Monday, Hughes explained they are currently reviewing options to ensure that pensioners can receive their money in a safer manner.

“The GPOC is in a transformational mode. The corporation and predecessors have been in existence for more than 200 years, too long to be doing the same thing the same way. It’s the age of technology and we have to modernise old systems and come up with new ways of doing business,” she said, while noting that they are moving ahead with looking at new ways of paying pensioners.