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NSSF Introduces Electronic Payment Service via Four Money Transfer Companies

Beirut:Lebanon's National Social Security Fund (NSSF) has launched an electronic contribution payment service through four money transfer companies OMT, Bob Finance, Whish Money, and Cash Plus. This initiative marks a significant step towards the digital transformation of the NSSF's services.

According to National news agency - Lebanon, the launch ceremony was attended by several dignitaries, including Labor Minister Mohammad Haidar, NSSF Board Chairman Bechara Asmar, and Director General Mohammad Karaki.

The new service initially targets around 65,000 beneficiaries, covering mukhtars, retirees, physicians, and voluntarily insured individuals. Plans are in place to expand the service gradually to include students, drivers, businesses, and other categories.

Labor Minister Haidar highlighted upcoming measures to address end-of-service indemnities impacted by the financial crisis from 2019 to 2024. He also mentioned planned improvements in medication reimbursement and electronic connectivity with pharmacies.

Board Chairman Asmar emphasized the importance of healthcare coverage and pension reform during the launch event.

Director General Karaki reported that there have been 115 successful electronic payments and approximately 14,000 electronic clearance transactions since the beginning of the year. He announced plans to introduce two additional digital services by the end of the year, furthering the NSSF's transition towards fully electronic transactions.