GCash, DSWD disburse P16B to over 2.4M SAP beneficiaries

GCASH, the undisputed mobile wallet in the Philippines, was tapped by the Department of Social Welfare and Development (DSWD) for the free disbursement of P16-billion financial aid to over 2.4 million beneficiaries from seven different regions in the country.

The DSWD will release the second tranche of its Social Amelioration Program (SAP) for beneficiaries nationwide, disbursing to their GCash wallets amounts ranging from P5,500 to P8,000, depending on the area.

Beneficiaries of the SAP second tranche may use their mobile wallets for a variety of financial services. GCash empowers users to pay for physical and online transactions to over 75,000 merchants,

Ceremonial signing of the multisectoral agreement on the electronic disbursement of Social Amelioration Program transact with over 400 billers and such as Puregold and Villarica So far, GCash has disbursed transfer funds to over 40 banks in Pawnshop as well as automated close to P2 billion in financial aid the Philippines. GCash users may teller machines through their to more than 335,000 Filipinos. also use their GCash wallets to buy GCash MasterCard. Among its government partners airtime load, save money, invest in GCash has also been assisting are Makati City, Quezon City and money market funds and purchase other national government agencies Pasig City as well as the Department insurance products. and local government units of Transportation- Land

They also have the option of in distributing financial aid to Transportation Franchising and cashing out their financial assistance Filipinos adversely affected by the Regulatory Board and the Social from partner establishments national health situation. Security System.