Our Pension Collection and Payment Distribution Application design offers Government/Private Pension Funds a transacting tool to track and trace pension contributions from employers to Government/Private Pension Fund Schemes. The application provides the Pension Fund management team with a solution for the distribution of the funds to the rightful pensioner upon maturity.  The system dramatically reduces the existing administration and operational costs involved in the collection of contributions and the distribution of payment to pensioners providing detailed MIS Reports on all activities. 

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Collection of Pension Contributions:

Each employee / member participating in the Government/Private Pension Fund Schemes are registered and issued with a branded UEPS (Universal Electronic Payment Solution) Pension Fund Client smart card.  Biometric fingerprint verification is utilized for client verification.  Employers’ registered on the UEPS System forward their monthly data contribution files to the Switch for processing. The data file comprises of the employee’s client smart card, the amount of the monthly pension contribution and the date of payment. This information is encrypted and stored on the System Host for use in the future for the calculation of the monthly pension payouts to beneficiaries.

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Pension Payments:

As the UEPS smart card offers a portable banking application, it can be used for the distribution of pension payments to beneficiaries. The Pension Office is equipped with the necessary PC application software. The employee is required to complete the relevant pension pay out documentation and present his or her smart card for fingerprint identification and approval. The pension payments can be processed weekly or monthly to the client smart card via our Pension Payment Distribution Application.  The Pension Administrator processes the payment data file containing the pensioner’s client smart card number, payment amount due for the creation of our 10-Digit Signature Code for loading onto their smart card. 

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Benefits of the UEPS Client Smart Card issued to Pension Fund Employees:

  • Convenience – Employees are able to load their pension payments at any participating merchant stores, participating bank branches or agents
  • Security – If the cardholder loses their card they do not lose their money  A new card is created and issued with all the relevant balances loaded to each utilized wallet
  • Biometric Fingerprint Identification utilized for identification
  • Spending or performing cash withdrawals from the smart card in merchant stores offering convenience
  • Access to a suite of affordable financial services and products
  

Applications Menu
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Registration, Enrolment & Smart Card Issuing

Salary/Wage/Pension/Grant Payment Distribution

Affordable Smart Card Banking

Retail

Electronic Voting

National Health Insurance Fund

Medical Stock Control, Patient Identification & Drug Allocation

Secure Mobile Banking

12-Map Biometric Search Station

Food Parcel Monitoring & Distribution

Pension Employee Collection and Distribution