SAP 2 digital payment arranged by DSWD with banks, financial services providers

Published June 30, 2020, 12:00 AM

by manilabulletin_admin

By Charissa Luci-Atienza

The Department of Social Welfare and Development (DSWD) on Tuesday, June 30, signed a memorandum of agreement (MOA) with the Lank Bank of the Philippines (LBP) and six financial service providers (FSPs) for the digital payment of the second tranche of Social Amelioration Program (SAP) cash subsidies.

Department of Social Welfare and Development  (MANILA BULLETIN)
Department of Social Welfare and Development (MANILA BULLETIN)

DSWD Secretary Rolando Bautista said that with the signing of the “multilateral agreement”, it would be reasonable to expect “faster and more efficient” distribution of cash aid for 17 million recipients of SAP 2.

“Buo ang tiwala ng DSWD na maipapamahagi ang emergency subsidy nang mas mabilis at mas episyente dahil sa partnership na ito. Batid namin na maraming mga hamon ang haharapin habang isinasakatuparan ang programa,subalit sa pagtutulungan at suporta ng FSPs, ang gabay na ibibigay ng Bangko Sentral ng Pilipinas at Land Bank ay makakamtan ang adhikain na ipaabot sa apektadong pamilya,” he said.

(The DSWD is confident that the emergency subsidy will be distributed faster and more efficiently. We know that there will be many challenges along the way as we implement the program, but with the support of FSPs, assistance to be given by the Bangko Sentral ng Pilipinas and Land Bank, we can achieve our goal of extending this aid to the affected families.)

“Maaari na nating simulan ang digital payment sa susunod na linggo,” he disclosed.

(We can start the digital payment next week.)

He said the beneficiaries who registered at the ReliefAgad app will receive the cash aid through their restricted transactional or nominated accounts within 24 hours after the LBP downloads the SAP funds to the FSPs.

Bautista said it was the BSP that identified the participating FSPs, which include GCash, RCBC, Robinsons Bank, PayMaya, Starpay, and Unionbank.

He explained that among the major considerations set by the BSP in determining the FSPs are the following: presence of payout partners to ensure ease and ability to cash out by beneficiaries, presence of any business model institution, historical experience in commercial roll out, and type of cash out points that may contribute to ensuring liquidity and availability of cash.

He said the remittance centers will also be tapped for the distribution of cash subsidies.

He also noted in some areas, there will be big-venue payout and house-to-house SAP distribution.

Bautista said they still need the assistance of the local government units (LGUs), military, and police in the distribution of SAP 2 subsidies.

He noted that the DSWD has distributed over P52 million worth of cash subsidies to 9,391 “waitlisted” beneficiaries, majority of whom are living in geographically-isolated and disadvantaged areas (GIDA).

“Kasalukuyang namamahagi ang mga DSWD Field Offices ng ayuda sa pamamagitan ng direct payout para sa waitlisted families,” Bautista said.

(Currently, the DSWD Field Offices are currently distributing cash aid through direct payout for waitlisted families.)

The “waitlisted” beneficiaries who received their SAP aid hail from Cordillera Administrative Region (CAR), Region I (Ilocos), and Region III (Central Luzon).

The 11 areas covered by SAP 2 are Region III, except Aurora province, the National Capital Region (NCR); Calabarzon; Benguet; Pangasinan; Iloilo; Cebu Province; Bacolod City; Davao City, Albay Province and Zamboanga City.

 
CLICK HERE TO SIGN-UP
 

YOU MAY ALSO LIKE

["news","news"]
[993968,3061163,3061157,3061151,3061148,3061142,3061145]