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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.

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