Photo shows SSS and G-Xchange officials represented by (seated from L-R) SSS Vice President for Member Services Division Mario R. Sibucao, SSS President and Chief Executive Officer Emilio S. de Quiros Jr. and G-Xchange Inc. President Paolo Eugenio J. Baltao signing the memorandum of agreement on November 21 at the SSS Corporate Headquarters in Quezon City.
Witnessing the signing ceremony are (standing from L-R) SSS Senior Vice President for Information and Technology Management Group Joel A. Layson, SSS Assistant Vice President and Officer in Charge for Service Delivery Department Rene N. Malto, G-Xhange Inc. Chief Operations Officer Renato Rex Xavier Marzan, and G-Xchange Inc. and G-Xchange Inc. Director for Merchant Acquiring Remo M. Garovillo.
Mobile payments to Social Security System (SSS) will be available soon with the memorandum of agreement signed between the state agency and G-XChange Inc.
The agreement allows SSS members to settle their SSS contibutions and loan amortizations through the use of G-XChange’s mobile remittance facility called “G-Cash,” which is offered exclusively to Globe and TM Network subscribers.
G-Cash is a free mobile application, which serves as a virtual wallet offering users a secure, fast, and convenient money transfers using mobile phones.
For SSS transactions, a one-time registration is required and payments are free of charge.
SSS Vice-President for Member Services Division Mario R. Sibucao said the facility will be opened to household employers, voluntary members, and self-employed individuals including farmers, fishermen and non-working spouses.
“We are encouraging our members to register in this new payment facility once rolled out. It promises prompt remittance of their contributions and loan amortizations at their convenience.”
To make payments using G-Cash, SSS members will need to load their G-Cash accounts to cover their payments for contributions and loans. The member will receive a confirmation text message for every successful transaction.