Parañaque City taps UnionBank for distribution of Paraña-cash assistance via digital means
The City Government of Parañaque has tapped Union Bank of the Philippines (UnionBank) for the fast, convenient, and accessible online disbursement of the P200 Million Paraña-cash Covid-19 Assistance Program. The City recently signed a Memorandum of Agreement (MOA) dated 3 July 2020 for the use of UnionBank’s EON account for the convenience of all qualified beneficiaries of the city,
“The signing of the MOA realizes our goal to make disbursements of cash aid in this time of pandemic fast and efficient. The use of online disbursement is a game changer that will change the way we deliver our services to the public,” Mayor Edwin L. Olivarez said.
The EON account comes with the EON VISA Card which enables the beneficiaries to withdraw the City’s P5,000 cash aid per household from any ATM nationwide or payment for purchases in any online merchant establishments or utility bills.
“We are honored by the trust and confidence given us by the City Government of Parañaque led by Mayor Olivarez, most specially in the safe, secure, and reliable administration of public funds. We recognize that the welfare of their citizens comes first just as put the well-being of our customers at the core of what we do,” said Joyce Gonzales, EVP and Head of Retail Banking of UnionBank.
“We remain steadfast and committed to co-create with the City Government of Parañaque in its initiatives towards e-government and a digital economy. Beyond the technology, we share the dedication to serve and fulfill aspirations,” said Paolo Baltao, SVP and Head of EON Banking.
Atty. Melanie Soriano – Malaya, Chief BPLO and City Data Protection Officer (DPO) further said: “This partnership is hitting two birds in one stone. By using online disbursement for Paraña-cash, we are contributing to the government’s goal to promote the digital economy. More importantly, we are also improving the City’s responsiveness on various online government services in accordance to data privacy and protection law.”
The Paraña-cash Covid-19 Assistance Program worth P200 Million is one of the strategic initiatives of the local government to cover “left-out” households who have not received any cash aid from any of the national government’s assistance program such as SAP, 4Ps, DOLE-CAMP, DOLE-TUPAD, TNVS, and SSS-SBWS.
With the MOA signed with Union Bank, the City Government looks forward to implementing the most expeditious means of distributing the SAP to the beneficiaries while complying with the health and safety protocols of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID). Mayor Olivarez has repeatedly emphasized that digital electronic disbursement through transaction accounts, like bank or e-money accounts undertaken by duly authorized financial service providers (FSPs) is the most expedient way to accomplish this task. For more details/inquiries, please visit our official website at www.bploparanaque.comor email at [email protected].
