SSS targets 32 M web transactions in 2020

State-run Social Security System is aiming to draw more of its members into using its online platforms in transacting with the pension fund as it targets about 32.3 million web transactions by 2020.

SSS president and chief executive officer Aurora Ignacio said the pension fund will further enhance its electronic service delivery through additional transactions that can be made online and expand payment channels for the convenience of its paying members.

“We’re headed towards the direction of making SSS transactions easy and accessible for our members through the utilization of agile technology. We’d like to make sure that through the digitalization of our core service deliveries, we will be able to provide faster, easier, and accessible services for our members. Electronic services are beneficial to both SSS and our members and pensioners. SSS saves on overhead expenses while our members save time, money, and effort when they use our electronic facilities,” Ignacio said during a press briefing in line with the 62nd anniversary of the pension fund.

SSS data showed that from January to June 2019, out of 37.16 million transactions, 26.63 million or 72 percent were overthe-counter while only 10.54 million or 28 percent were done through electronic channels.

“We recognize that it is a continuing challenge for us to shift our members and pensioners to use the self-service online facilities of SSS. We’re looking to turn the tables and make more members transact through online facilities instead of overthe-counter transactions. By 2020, we are targeting to triple the current 10.54 million web transactions to 32.2 million,” Ignacio said.

Data also showed that out of 14.95 million paying SSS members for January to June 2019, only 37 percent or 5.49 million are registered on the website.

“We hope to increase this number to about eight million in 2020 or an additional of more or less three million web-registered members,” Ignacio added.