Pagadian City, May 22 (PIA) – Pantawid
Pamilya beneficiaries can now open a bank account for only P50 and avail of the
services offered by BPI Globe BanKO. This is made possible through the
Public-Private Partnership between the Department of Social Welfare and
Development (DSWD) and Globe Telecommunications, Inc.
“We would like to teach Pantawid Pamilya
beneficiaries the importance of saving money by encouraging them to open a bank
account for as low as P50.00. It is never too late to help them learn and
appreciate the benefits of saving,” Social Welfare and Development Secretary
Corazon “Dinky” Soliman said.
BanKO is the first mobile-based,
microfinance-focused savings bank in the Philippines. It provides the
low-income sector with safe and easy access to affordable financial services
such as PondoKO (Microsavings), PuhunanKO (Microloans) and PaniguroKO
(Microinsurance).
It also features the convenient way of
transferring money, electronic load and paying bills through texting. The
savings account also comes with a free life insurance if the depositor is able
to maintain a minimum of P2,000.00 for at least six months.
Around 212 Pantawid Pamilya
beneficiaries opened their bank accounts during the launching of the
partnership recently. (DSWD/CAL/PIA9)