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RBank to disburse DSWD cash aid

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Robinsons Bank President Elfren Antonio S. Sarte (right) together with RCBC President Eugene Aceveda, DSWD Secretary Rolando Bautista, Land Bank of the Philippines President Cecilia Borromeo and Union Bank President Edwin R. Bautista sign the agreement with DSWD on the e-payment of SAP subsidy. (Contributed photo)

Robinsons Bank is among six financial service providers (FSP) that will disburse the second tranche of the Department of Social Welfare and Development’s (DSWD) Social Amelioration Program (SAP) subsidy for 12 million Filipino families.

With its nationwide presence and experience in commercial roll out Robinsons Bank was deemed compliant to partner with the DSWD in disbursing the SAP subsidy more efficiently and expediently through e-wallets and online banking.

According to DSWD Spokesperson Irene Dumlao, the electronic disbursement of the second tranche of the SAP subsidy is expected to start in the coming weeks.

RBank is taking adequate steps to ensure cash availability throughout the SAP disbursement period.

Beneficiaries who will be claiming their cash subsidies through Robinsons Bank can do so through any RBank ATMs or over-the-counter transaction in any RBank branch or from its subsidiary, Legazpi Savings.

Designated tellers and ATM are allocated for the disbursement to avoid disruption of regular banking services. Longer queues and waiting time are expected during the payout period.

The shift to a digitized disbursement of the SAP subsidy aims to speed up the distribution to the beneficiaries. Additionally, the contactless digitized payout is expected to better comply with health protocols to ensure the safety of beneficiaries.

The bank will be catering to unbanked beneficiaries of which 53 percent are coming from the National Capital Region and at least 41 percent coming from the Albay province.

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