The Ministry of Economic and Social Inclusion (MIES) began the process of finalizing the service provision agreements it maintained with some financial concentrators that received payment of a commission for transactions carried out in the collection of bonds and pensions on a national scale, This was announced by the Minister of this State portfolio, Zaida Rovira Jurado, during a press conference that took place in the city of Guayaquil.
The head of the MIES pointed out that with this decision, the resources that the State will save, from this measure, will be used to expand social protection services to people from priority and vulnerable groups, by this State portfolio.
Likewise, it reported that these agreements, which were in force since February 2013, represented a commission payment of more than USD 46.2 million delivered to the bank, during the last 10 years. “This has harmed citizens, especially the most vulnerable sectors, because all this money could be used to expand coverage and reach more than 47 thousand users. Therefore, with the finalization of these agreements, we will better optimize these resources and strengthen social services,” he added.
In 2023 alone, USD 3.4 million were paid in commissions to different financial entities; That is why, technically, a schedule is made for the gradual closure of the provision of these services, with the concentrators.
In addition, he said that to make these savings effective, MIES invites those who are users of bonds and pensions, who still do not have an account to receive payment of these economic transfers, to open it in any of the agencies of Banco del Pacífico, BanEcuador or any financial institution of your trust, throughout the country.
He also said that the MIES has a contingency plan ready that it will implement, immediately, to carry out this account opening and registration process, on a national scale. “With this mechanism we promote a safe payment of the bonus or pension and allow the most vulnerable people to access banking.”
It should be noted that those who already have an account opened in the financial institution of their choice do not need to open a new one and will continue to receive their bonus or pension payment as normal.
Minister Rovira pointed out that those who are going to open their account must meet the requirements that each financial institution requires to open a basic account, savings account or the one of their choice. IF IT IS A BASIC ACCOUNT IT DOES NOT GENERATE ANY COST. Once the bonus or pension user opens their account, they must immediately register it in the MIES, entering:
Finally, he reiterated that it is important for users of these economic benefits to know that, through this form of payment, safe and agile collection of their bonus or pension is guaranteed, reducing the risk of theft, fraud, identity theft and other illegalities that can be presented.
By: www.inclusion.gob.ec