Social pensioners can now conveniently receive their cash grants and perform other
banking transactions, as the Land Bank of the Philippines (LANDBANK) continues to
ramp up the distribution of Prepaid Cards to vulnerable sectors.
Around 3.4 million Unconditional Cash Transfer (UCT) beneficiaries under the Social
Pension Program for Indigent Senior Citizens of the Department of Social Welfare and
Development (DSWD) form part of the almost 10 million beneficiaries to be provided
with LANDBANK Prepaid Cards under the agency’s major social protection programs.
UCT beneficiary Lucy Cabalan was one of the 1,499 social pensioners who received
financial aid through LANDBANK Prepaid Cards during a recent card distribution activity
in the Municipality of Minglanilla, Cebu.
With no permanent source of income, 80-year-old Cabalan relies on her pension to
augment her daily needs and for purchasing maintenance medication for her asthma.
“Nagpapasalamat ako sa LANDBANK dahil nabigyan ng pansin ang pangangailangan
naming mga senior citizen. Masaya ako dahil ito ang pinaka-unang card na natanggap
ko mula sa LANDBANK,” said Cabalan.
Through LANDBANK Prepaid Cards, social pensioners can conveniently withdraw cash
aid from any of the 2,899 LANDBANK ATMs in the country. They can likewise perform
cash withdrawals free-of-charge at the ATMs of 1,980 7-Eleven convenience stores in
selected areas, as of end-September.
The Prepaid Cards can likewise be used to make cashless purchases via Point-of-Sale
(POS) terminals in participating stores, such as drugstores and groceries, as well as
transact with the Bank’s Agent Banking Partners (ABPs) located in remote areas.
LANDBANK previously upgraded the existing prepaid cards of CCT and UCT
beneficiaries into transaction accounts with expanded features to provide more
convenient banking services, including prepaid card loading via LANDBANK branches,
fund transfers through the LANDBANK Mobile Banking App, and cash-in via LANDBANK
Cash Deposit Machines.
