BSP, DSWD join hands to enhance digital delivery of cash aid

In the photo, from left, are BSP Deputy Director Mynard Bryan Mojica, BSP Bank Officer V Lara Estevez-Austria, BSP Director Ellen Joyce Suficiencia, BSP Deputy Governor Romulo-Puyat, DSWD Secretary Gatchalian, DSWD Undersecretary Edward Justine Orden, DSWD Chief Information Officer Julius Gorospe, and DSWD Undersecretary Adonis Sulit.

MANILA, Philippines— The Bangko Sentral ng Pilipinas (BSP) and the Department of Social Welfare and Development (DSWD) are working to enhance the digitalization of government financial assistance.

Officials from the BSP and the DSWD recently met to discuss improved ways to deliver cash aid, the central bank said in a Saturday statement.

The rollout of monetary assistance via beneficiary transaction accounts is a priority under the National Strategy for Financial Inclusion (NSFI) 2022-2028, it added.

“The NSFI aims to accelerate financial inclusion in the country, enabling more Filipinos, especially the vulnerable, to access a broad range of welfare-enhancing financial services,” wrote the BSP.

Present at the meeting on April 24, hosted at the DSWD Head Office in Quezon City, were BSP Deputy Director Mynard Mojica, Bank Officer V Lara Estevez-Austria, Director Ellen Suficiencia, Deputy Governor Bernadette Romulo-Puyat; DSWD Secretary Rex Gatchalian, undersecretaries Edward Orden and Adonis Sulit, and Chief Information Officer Julius Gorospe.

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