The Department of Finance (DOF) has directed the Government Service Insurance System (GSIS) and the Land Bank of the Philippines to assist the Philippine Crop Insurance Corp. (PCIC) in managing the risks and enhancement of its investment portfolio. Finance Secretary Carlos G. Dominguez III said the
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+ January 12, 2021 BAYAD Center, the country’s biggest and widest multi-channel payment platform, has been named as the official payment solutions partner of the Government Service Insurance System (GSIS) for loan settlement.
In a virtual partnership signing, the two financial institutions expressed their mutual aim to make GSIS loan repayment more accessible, convenient, and secure for all members and pensioners especially those in the provinces.
“Enabling simple and hassle-free over-the-counter financial transactions for borrowers is one way of helping them meet monthly obligations. It is our hope that they will be able to reap the full benefits of their loans, and at the same time efficiently manage and repay them on time. Ultimately, we want Bayad Center to be readily available for every Filipino’s financial needs, providing meaningful payment and financial services wherever they may be,” Bayad Center President and CEO Lawrence Ferrer said.