Starpay vows to successfully deliver SAP to beneficiaries

Published July 21, 2020, 10:00 PM

by Bernie Cahiles-Magkilat

Starpay, one of the financial service providers entrusted by the Department of Social Welfare and Development (DSWD) for the Social Amelioration Program (SAP), vowed to successfully deliver the funds to the beneficiaries.

Starpay Chief Operating Officer Richard Rosettes said in a statement they  ensured the delivery of quick, speedy, and secure disbursement of the second tranche of SAP, including those of the waitlisted beneficiaries from the first tranche.

“We understand the state of the beneficiaries and know that the delivery of their ayuda at the soonest is critical, which is why we’ve worked to coordinate with the DSWD Field Office as well as with the barangay to ensure a well-coordinated scheduled payout,” said Rosettes.

In the case of Pasig, Starpay said that approximately 16,500 or around 80 percent of the waitlisted beneficiaries of the DSWD’s SAP in Pasig have already successfully claimed their ayuda recently.

Disbursement began just this second week of July with Pasig City having over 20,000 beneficiaries counted as waitlisted. Starpay has committed to completing the distribution to all the beneficiaries by the month’s end.

 Through a web portal provided by Starpay, beneficiaries were able to validate and schedule themselves for their payout. After keying in the required details, the portal issues a unique reference number and schedule for when the beneficiaries can claim their ayuda. The disbursement was done in close partnership with the DSWD Field Office in Pasig and with M.Lhuillier, Starpay’s payout partner.

 The waitlisted beneficiaries nationwide total to about 5 million individuals, with several providers including Starpay already tasked to prepare for the distribution of the benefits. Starpay is also a partner of the DSWD with its Assistance to Individuals in Crisis Situations (AICS) program, targeting to disburse to over 20,000 beneficiaries of the said project.

 Starpay currently has around 10,000 partners across the country consisting of banks, remittance centers and pawnshops ensuring the widest possible reach and availability of cash for beneficiaries.

  “We aspire to be the first to truly serve the unbanked and underbanked population in the country, and through this digital distribution of the SAP, we aim to include the beneficiaries in this digital financial ecosystem where we can achieve real financial inclusion for all,” Rosettes concluded.  -nothing follows-

Starpay is empowering the underbanked community and traditional sari-sari stores with technology—supporting users and store owners with digital business solutions, while connecting offline communities to the growing online economy.

Led by several industry veterans from the fintech, telecoms, and retail space, Starpay is a licensed Electronic Money Issuer (EMI) and Remittance Agent and is regulated by the Bangko Sentral ng Pilipinas.