Pension Collection & Distribution
Net1 has designed a unique system of collecting pension contributions to alleviate non-payment of pension contributions from employers to pension schemes, tracking and tracing of employers and employees and to include efficient record-keeping of Pension Collections.
The Payment of Pensions to Employees/Government was designed to provide security in identifying the rightful pension contribution payment owner.
This system will dramatically reduce the existing administration and operational costs involved in the collection of contributions, payment of pensions and reporting of all activities.
Benefits to Contributing Employees
- Convenience - easy access to load pension payments
- Secure pension payments
- Spending and / or performing cash withdrawals at participating merchants
- Access to selected U.E.P.S. products and services
- Savings in separate wallet and earn interest on savings