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 July 29, 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 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 each, for a total of P5,600 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.