PASAY CITY – Over 700 senior citizens from this city received financial aid from the
National Government through cash cards distributed by the Land Bank of the
Philippines (LANDBANK) on 29 July 2023 at the Cuneta Astrodome.
Beneficiaries of the Department of Social Welfare and Development’s (DSWD) Social
Pension Program under the Unconditional Cash Transfer (UCT) Program each
received P3,600.00 worth of cash assistance credited to their LANDBANK Cash
Cards.
Pensioners who are also beneficiaries of DSWD’s Targeted Cash Transfer (TCT)
Program received an additional P2,000.00 each, for a total of P5,600.00 worth of
cash assistance.
“In partnership with DSWD, LANDBANK continues to ramp up the disbursement of
cash aid to vulnerable sectors. We will ensure the efficient and timely distribution of
financial assistance in support of the Government’s inclusive development agenda,”
said LANDBANK President and CEO Lynette V. Ortiz.
Beneficiaries can conveniently withdraw their “ayuda” from any of the 2,951
LANDBANK ATMs and 2,632 ATMs of 7-Eleven convenience stores in selected areas
in the country.
Social pensioners can likewise use their LANDBANK Cash Cards 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.
As the main distribution arm of financial assistance of the National Government,
LANDBANK has disbursed a total of P35.4 billion worth of cash grants to DSWD
beneficiaries for the first half of the year.
LANDBANK is celebrating its 60th anniversary this month, representing six decades
of uplifting lives, empowering communities, and serving the nation — all in pursuit of
an inclusive and sustainable economy.
