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The Philippines’ state-owned housing loan provider partners for digital payments

In line with the directive of the Philippine Government to provide public services that are more convenient for the Filipinos, the Home Development Mutual Fund, which is more popularly known as the Pag-IBIG Fund, partnered with a digital financial services firm to bring digital and card payments to its online and branch channels.

Convenient way to pay

According to a recent report, more members can now enjoy a more convenient way to pay for their savings and loan repayments anytime, anywhere.

The partnership with the state-owned housing loan provider will reportedly allow digital and card payments on its online and on-ground platforms.

Through the partnership, the members can now remit their savings and pay for their loan amortisations using any Visa, Mastercard or JCB credit, debit and prepaid card.

In addition, account holders of the digital financial services can also pay using their mobile number linked to their e-wallet via Pag-Ibig Fund’s online portal.

The company will soon equip the loan provder’s branches nationwide with One by PayMaya point-of-sale (POS) devices.

These devices will enable the agency to accept QR payments as well as use all the aforementioned cards.

The POS device, moreover, accepts multiple modes of cashless payments via swipe, tap, and dip for cards; and pay-to-scan via QR.

All these channels complement the existing bills payment channel in the digital firm’s mobile app, which also allows for in-app payments of Pag-IBIG Fund transactions for its millions of customers.

Other benefits

Aside from bringing convenience to customers, offering alternative cashless payment methods will also lessen cash handling in paying Pag-IBIG Fund dues for better security and efficiencies.

The Chief Executive Officer (CEO) of Pag-IBIG Fund shared that through this partnership, members now have an even wider range of options whenever they need to transact.

For those who do not want to leave their homes or offices, they can pay conveniently online.

Overseas Filipino Workers (OFW) would also be given easier access to payment options through the website powered by the digital firm.

This is the Agency’s way of bring their services one convenient step closer to the members, wherever they may be.

Embracing digital payment tech

Meanwhile, the Founder and CEO of the digital services company expressed gladness with how government agencies such as Pag-IBIG are embracing digital payment technologies to help bring more conveniences to all Filipinos.

They are proud to partner with the Agency in delivering more accessible public services, which is in line with their goal of digital and financial inclusion in the Philippines.

Brief history

The birth of the Home Development Mutual Fund was an answer to the need for a national savings program and an affordable shelter financing for the Filipino worker.

The Fund was established on 11 June 1978 by virtue of Presidential Decree No. 1530 primarily to address these two basic yet equally important needs.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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