Assisted KYC registrations; financial literacy workshops for barangay volunteers bring digital finance to underserved Bangsamoro areas
Barangay volunteers in Lake Sebu’s far-flung communities are stepping into the digital economy. Through a new partnership between the Municipal Government of Lake Sebu and GCash, local volunteers are receiving hands-on financial literacy training to prepare them for seamless, digital allowance disbursements.
Conducted by GCash during the latest barangay volunteer payout, the financial literacy session and Know Your Customer (KYC) registration introduced participants to essential financial concepts and responsible digital financial practices while preparing them to digitally receive future allowances. The program responds to a longstanding challenge faced by many barangay volunteers: according to Municipal Treasurer Henry Magbanua, some barangays are only accessible via motorcycle, requiring volunteers to spend as much as ₱1,500 on transportation just to collect a ₱2,000 allowance. As a result, many are left with only ₱500 after travel expenses.
Once fully implemented, the partnership will enable the municipality to distribute allowances through the GCash Fund Disbursement Service, allowing volunteers to receive funds directly in their GCash accounts. Through local GCash Pera Outlets, beneficiaries can conveniently cash out within their own communities, eliminating costly and time-consuming trips to the poblacion.
"Our goal is to make government disbursement more accessible to every barangay volunteer, especially those living in remote sitios. By embracing digital finance, we can help reduce unnecessary travel, improve convenience, and ensure that more of the assistance reaches the people it is intended for. We are glad to have partnered with GCash as we continue our efforts in serving our communities better," Municipal Mayor Hon. Antonio G. Fungan, Jr., emphasized.
Beyond preparing volunteers to use digital financial services, the financial literacy session also introduced practical ways to manage money, use digital payments safely, and maximize the benefits of cashless transactions.
"Financial inclusion begins with equipping communities with the knowledge and tools they need to use digital financial services with greater confidence and peace of mind. We are honored to partner with the Municipal Government of Lake Sebu as we hope to make government services more accessible while helping residents benefit from safer, faster, and more convenient financial transactions," said GCash public sector head for Mindanao, Bea Ranada.
Through partnerships that combine financial education with digital financial solutions, local governments can expand access to essential services, reduce barriers for underserved communities, and create more inclusive opportunities that improve the everyday lives of Filipinos wherever they are.
For more information, visit https://www.gcash.com.
About GCash
GCash is the Philippines’ #1 Finance Super App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. Its mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only $5 billion fintech unicorn in the Philippines.
GCash is a staunch supporter of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.
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