MARAWI CITY—Ministry of Social Services and Development (MSSD) Launches Digital Payout Services for easier and faster access to the Bangsamoro Government's financial services.
The Ministry of Social Services and Development (MSSD) recently introduced the Financial Assistance System Transformation (FAST) Project, a digital payout service aimed at providing convenient and prompt access to Bangsamoro Government's financial services.
Backed by the United Nations Children's Fund (UNICEF) and Australian Aid, the FAST project comprises seven (7) implementation strategies focused on enhancing service efficiency, fostering inter-agency coordination, promoting data interoperability, strengthening digital literacy, facilitating responsive policies and regulations, promoting financial inclusion, and supporting digital infrastructure.
Partnering with financial service providers (FSPs) such as Amanah Islamic Bank, Palawan Pawnshop, Cebuana Lhuillier, MLhuillier, Development Bank of the Philippines, Landbank of the Philippines, G-Cash, Maya, Asian United Bank, Rizal Commercial Banking Corporation (RCBC), and Universal Storefront Services Corporation (USSC), over-the-counter payment options will soon be made available.
MSSD Minister Atty. Raissa Jajurie emphasized that this initiative is part of the digital infrastructure and e-governance in line with the Enhanced 12-point priority agenda of BARMM Chief Minister Ahod Ebrahim.
“Itong pagsisimula ng financial inclusion and literacy caravan, gusto po natin gawin din ito sa iba-ibang lugar dahil ang serbisyo ng BARMM at ang MSSD ay sa lahat ng (mamamayan) sa probinsya, lahat ng lungsod at ng barangay sa SGA na kinabibilangan ng mga Bangsamoro,” Jajurie said.
As part of the collaboration, Minister Jajurie and Mindanao Regional Director for Bangko Sentral ng Pilipinas Dr. Judit Dolot signed a Memorandum of Agreement (MOA), formalizing their collaboration on FAST Financial inclusion and literacy.
MSSD aims to expand this strategy to encompass all programs related to financial assistance by 2028, involving other ministries of the BARMM. (BIO/PIA Lanao del Sur)
