Armenia postpones its move towards cashless system

During a session held by the Standing Committee on Healthcare and Social Affairs of the National Assembly of Armenia today, Deputy Minister of Labor and Social Affairs Smbat Saghiyan said Armenia will postpone the period for full transition to the cashless method of payment of pensions.

According to him, the government had initially planned to introduce the cashless method of payment of pensions in Yerevan, Gyumri and Vanadzor starting from July 1, 2020, but taking into consideration the coronavirus situation, the government offers to postpone the period until September 1, 2020, after which the cashless method of payment of pensions will also be applied in other cities of Armenia starting from January 1, 2021.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

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