GSIS taps Maya for payments

MANILA, Philippines — State-run pension fund Government Service Insurance System (GSIS) is expanding its payment channels through a partnership with digital bank Maya Bank Inc.

The pension fund for government workers and retirees recently partnered with Maya for the acceptance of loan payments from GSIS borrowers within the GSIS mobile application, the GSIS Touch.

GSIS president and general manager Wick Veloso said the pension fund is enhancing its digital payment platforms to provide convenience to members and pensioners.

“Maya will further simplify the payment process, enabling borrowers to settle their loans conveniently anytime, anywhere,” Veloso said.

“Maya acts as a conduit for various banks and e-wallets, facilitating faster and more secure loan payment,” he said.

Maya said that the transformative power of digital payments is important especially for government services.

GSIS Touch   allows payments for several loans including GSIS Multipurpose Loan Flex, GFAL-Education Loan, as well as policy, emergency and pension loans.

Borrowers with e-wallet accounts in Maya, GCash, JuanCash, Starpay, TayoCash and USSC Money Services Inc. can use the Maya option, as well as several bank account partners.

The GSIS initiative conforms with the Electronic Commerce Act and the Ease of Doing Business and Efficient Government Service Delivery Act, which mandate government agencies to utilize electronic means for transactions and ensure efficient service delivery to the public.