PAG-IBIG Fund has launched an improved version of the popular Pag-IBIG Loyalty Card.
Now called the Pag-IBIG Loyalty Card Plus, the Fund’s discount and rewards card comes with the added feature of a cash card, top officials said recently.
“The new and improved Pag-IBIG Loyalty Card Plus can now be used as a cash card where borrowers can receive the proceeds of their multi-purpose loans, MP2 dividends, and other benefits. It’s easier because they don’t have to wait for checks to clear anymore and the proceeds of the loan can be withdrawn in ATMs. This is a welcome addition to our existing cash cards available to members applying for multipurpose loans. It’s one of our many ways to simplify our processes and hasten the delivery of service as we continue to heed the call of President Duterte for government to use electronic means to achieve faster transactions,” said Secretary Eduardo D. del Rosario, chairman of the Housing and Urban Development Coordinating Council (HUDCC) and Pag-IBIG Fund Board of Trustees.
To enable the cash card feature of the Loyalty Card Plus, the agency partnered with big names in the banking industry like Union Bank of the Philippines and Asia United Bank. It is looking to partner with more banks.
Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti said the Loyalty Card Plus may be used as a debit card for cashless transactions and has an EMV chip – the same technology in debit and credit cards—to ensure security of transactions. The Pag-IBIG Loyalty Card Plus is now printed on site; members can get their card instantly in the Pag-IBIG Fund branch where they applied.
Upon resuming the enrolment for the card on July 15, the Fund already issued 9,955 new cards in three weeks. In that time, Multi-Purpose Loans (MPL) amounting to P24.77 million were disbursed to 1,505 borrowers using the Pag-IBIG Loyalty Card Plus.
“As always, they can enjoy the same rewards and big discounts from our more than 300 partner establishments. With discounts ranging from 5 to 50 percent, cardholders can save on groceries, fuel, tuition fees, hospital bills, medicines, and even food and travel expenses,” Moti said. The card is available in Metro Manila, “but we are working hard to have it available nationwide soonest,” he added.
The Loyalty Card Plus may be used to access the soon-to-be launched Virtual Pag-IBIG, an online service allowing members to transact anytime, anywhere.