QUEZON CITY, 10 Jan. (PIA) - - Social Security System (SSS) members may soon pay their contributions and loan amortizations through their mobile phones.
This came after SSS signed a memorandum of agreement (MOA) with G-XChange Inc. to facilitate its remittance services to members.
Under the agreement SSS members are allowed to settle their SSS contibutions and loan amortizations through the use of G-XChange's mobile remittance facility called "G-Cash," offered exclusively to Globe and TM Network subscribers.
G-Cash is a free mobile application, which serves as a virtual wallet offering users a secure, fast, and convenient money transfers using mobile phones.
SSS Vice-President for Member Services Division Mario R. Sibucao said the facility will be opened to household employers, voluntary members, and self-employed individuals including farmers, fishermen and non-working spouses.
"We are encouraging our members to register in this new payment facility once rolled out. It promises prompt remittance of their contributions and loan amortizations at their convenience."
Sibucao stressed that a one-time registration is required and payments are free of charge.
To make payments using G-Cash, SSS members will need to load their G-Cash accounts to cover their payments for contributions and loans. The member will receive a confirmation text message for every successful transaction.
The MOA signing was held on November 21, 2014 at the SSS Headquarters in Quezon City by SSS Vice President for Member Services Division Mario R. Sibucao, SSS President and Chief Executive Officer Emilio S. de Quiros Jr. and G-Xchange Inc. President Paolo Eugenio J. Baltao. (SSS/RJB/LFB/PIA-NCR)
See more at: http://news.pia.gov.ph/article/view/221420788982/sss-eases-remittance-services-for-members#sthash.f6JR1Dk6.dpuf
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