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40M FILIPINOS and GROWING GCash strengthens partnership with the public sector |
40 MILLION FILIPINOS and GROWING: GCash
strengthens partnership with the public sector to promote digital financial
inclusion for all
To fast-track economic recovery amid the
pandemic, public and private sectors must unite and work together to achieve a
more inclusive financial ecosystem for all Filipinos. This is the vision behind
“One with the Nation: Forging Public-Private Partnerships Towards Digital
Inclusion in the Philippines,” a webinar organized by GCash, the country’s no.
1 mobile wallet app in collaboration with various national government agencies
and local government units (LGUs).
The webinar featured distinguished speakers
from both the public and private sectors led by Bangko Sentral
ng Pilipinas (BSP) Gov. Benjamin Diokno, Makati Mayor Abby Binay, Congressman
Jose Enrirque Garcia, DSWD Director Wayne Belizar, Bureau of Treasury of the
Philippines OIC Deputy Treasurer Ed Marino, BSP Deputy Dir. for Payment
Systems Atty. Leah M. Irao, GCash President and CEO Martha Sazon, GCash Vice
President for Enterprise Jose Luis Reyes and GCash AVP and Head of Public
Sector & Partnerships Cathlyn Pavia.
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GCash President and CEO Martha Sazon |
“Our
partnerships with the private sector have provided us with a wide network to
reach more customers and develop more relevant financial services and
products,” said Martha Sazon, GCash president and chief executive officer. “But
in order to truly reach the unbanked and underserved communities, we look to
the public sector with their expertise and resources. Together, we can really
make a difference in the lives of Filipinos.”
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Bangko Sentral ng Pilipinas (BSP) Gov. Benjamin Diokno |
The event opened with a Keynote Message from
BSP Governor Benjamin Diokno on “Digital Financial Inclusion: Impacting the
Lives of Millions of Filipinos”. In his message to the participants, Governor
Diokno underscored the importance of making financial inclusion a reality for
every Filipino in the country. This was followed by a panel discussion on
“Digital Infrastructure: The Journey Starts Today!” led by BSP deputy director
Atty Leah M. Irao and Cong. Jose Enrique Garcia. Atty. Irao and Congressman
Garcia discussed the value of digitalization to promote the safety and security
of Filipinos even beyond the pandemic.
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Congressman Jose Enrirque Garcia |
A talk on the importance of outlining a
strategic path towards digital transformation was discussed next by Pavia in
“Digital Roadmap: Are We Ready to Innovate?”. In her talk, Pavia emphasized the
critical value of implementing digitalization in phases, and how digital
solutions can be seamlessly integrated in order to create a hybrid approach and
to facilitate smoother adoption.
In his talk on “Digital Manual: 101
Opportunities to Move Forward!,” Director Marino discussed the long-term
benefits of creating sound policies and guidelines, ensuring transparency
during digital transformation.
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Makati Mayor Abby Binay |
Highlighting trailblazing partnerships going
cashless, Makati Mayor Abby Binay led a panel entitled “Digital Headstart: Kaya
Mo Pilipino!” In Makati, data of its constituents were collected and used to
create the Makatizen ID card and open GCash accounts. The card serves as a valid
ID that can be used to avail of government services, and a debit card to
withdraw in any Bancnet ATM or use in Mastercard-accepting merchants. Likewise,
Makati also uses GCash to disburse the salaries of employees, and allowances of
senior citizens, and other financial assistance such as Maka-tulong. With Mayor
Binay was DSWD Dir. Delizer who in turn shared the agency’s groundbreaking SAP
disbursement program last year.
This successful partnership at the height of
the pandemic last year was the collaboration between GCash and the Department
of Social Welfare and Development (DSWD) for safer distribution of funds for
its Social Amelioration Program. GCash was able to distribute more than P16
billion to at least 2 million Filipinos, saving the government about 952 days
and around P52 million. GCash continues to support DSWD in its Assistance for
Individuals Under Crisis Situation program on a monthly basis.
The mobile app has also partnered with the Social
Security System (SSS). Since February, SSS has enabled GCash as an option for
receiving benefits through PESOnet. The app has provided SSS members an option
to pay their monthly contribution payments via the app’s Pay Bills feature.
Likewise for PAG-IBIG, contributions are also conveniently accepted via Pay
Bills and Web Pay.
Closing the webinar was GCash VP for Enterprise
Jose Luis Reyes who stressed the importance of financial inclusion and
expressed optimism that despite today’s challenges, there is a clear way
forward to achieve BSP’s vision and make Filipino lives better every day.
These programs are proof that strong
partnerships between the private and public sectors are crucial in successfully
bringing the benefits of digitalization and financial inclusion to Filipinos at
a time when they need it most.
Summary:
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A strategic webinar that highlights the importance of
private-public sector collaboration in achieving financial inclusion for
Filipinos, featuring speakers including BSP Governor Benjamin Diokno,
Congressman Jose Enique Garcia and Makati Mayor Abby Binay. The event gathered
hundreds of society leaders, LGU officials, business sector executives and the
media to discuss viable digital financial solutions for the country.
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Successful pioneering partnerships for cashless programs such as
Makati LGU-GCash Makatizen ID card, SSS-GCash partnership for fast and
secure disbursement of SSS benefits; and the safe and timely distribution of
funds for the DSWD’s Social Amelioration Program through GCash were discussed
as best practices.
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GCash looks forward to collaborating with more LGUs and other
national government agencies to promote digital synergy and identify financial
solutions that will positively impact the lives of millions of Filipinos
nationwide, especially during this pandemic period.
For more information, visit www.gcash.com.