Globe Fintech Innovations Inc. (Mynt), which operates GCash, teamed up with the local government of Makati City to disburse about P2.7 billion in economic aid to 500,000 residents of the city.
Under its strengthened partnership with Makati City, GCash will provide a digital disbursement facility for the expanded Makatizen Economic Relief Program which aims to provide relief to city residents who are affected by the pandemic.
Instead of manually disbursing the financial aid through city hall employees or through physical disbursement facilities, Makati will leverage on the GCash platform to efficiently and safely provide aid to its constituents. This reduces the risk of transmission of the disease, as it limits physical contact among people.
“Makati City has always been one of the most forward-looking local governments in the Philippines, and GCash is ready to help it achieve its goal. We are happy to see our platform being used by government units to fight Covid-19 and ultimately flatten the curve. GCash provides a quick, safe and secure data-driven disbursement platform for the city,” said Luigi Reyes, GCash vice president for enterprise.
