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Pag-IBIG members can now pay thru GCASH

Home Development Mutual Fund

Home Development Mutual Fund

MANILA   (Mabuhay) — Now, members of the Home Development Mutual Fund can make their payments through mobile commerce service GCASH.

The Pag-IBIG Fund signed a memorandum of agreement with Globe Telecom’s subsidiary G-Xchange Inc. for the new payment facility for their twelve million members.

Members no longer have to go to the Pag-IBIG office or an accredited payment center for their monthly mandatory savings and housing loans, since they can just use GCASH.

“We are excited to offer this to OFWs, kasambahays, self-employed such as lawyers and doctors, so they can’t complain that it is inconvenient to go to Pag-IBIG branches or banks. It is very secure and convenient. Globe is regulated by BSP to ensure the protection of the customers in mobile commerce,” Pag-IBIG Fund president and chief executive officer Darlene Berberabe said in a press conference in Makati.

Berberabe said this will make payments easier especially for members in the low income bracket such as househelpers or their employers.

GXI president Paolo Baltao said Pag-IBIG members can make secure payments without leaving their homes or going to the payment centers.

To get GCASH, a subscriber should dial *143# and select GCASH and then choose “Register” using their Globe or TM SIMs.

To convert cash to GCASH wallets, a subscriber can use the online bank transfer www.globe.com.ph/gash, mobile banking with BPI by dialing *119# after enrollment and Unionbank, Bancnet ATMS with minimal fees or any of the GCASH outlets free of service charge.

To remit Pag-IBIG payments, members can pay either P100 as monthly mandatory savings or P500 modified Pag-IBIG II by dialing *143#, selecting GCASH and choosing Pay Bills. For housing loan, include the payment reference number.

Berberabe said the payments will be posted on their ledgers the next day.

Asked about possible network glitches that may affect the payments, Baltao said, “Once you get a confirmation that the amount has been deducted and the payment has been confirmed. Don’t worry, the payment will be sent to Pag-IBIG.”

Paying contributions and housing loans via GCASH is free of charge up to December 18, 2013. A minimal service fee of P5 will be charged per Pag-IBIG transaction via GCASH.(MNS)

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