
GSIS taps Dragonpay to expand payment options for members
In a statement on Thursday, GSIS said it signed a memorandum of agreement (MOA) with Dragonpay on July 16, 2025.
Under the agreement, Dragonpay will provide electronic payment channels for the collection of GSIS loan repayments, which can be accessed by members and pensioners as a new option through the GSIS Touch app.
'What we have just signed is proof of GSIS's commitment to provide ease of doing business for our members and pensioners. Ito ang totoong pangarap na kailangan nating maipadama sa kanila, bahagi ng ginhawa na ipinangako natin,' said GSIS president and General Manager Wick Veloso.
Dragonpay joins the roster of GSIS' payment partners, including Bayad Center, MLhuillier, Maya, UnionBank of the Philippines, and Land Bank of the Philippines.
'This marks a shared commitment between GSIS and Dragonpay to make government transactions more accessible, more convenient, and more responsive to the evolving needs of every Filipino,' said Dragonpay founder and CEO Robertson Chiang.
Also part of their partnership, GSIS and Dragonpay will integrate their systems, including the establishment of technical specifications, reporting protocols, and regular testing to ensure accountability.
Dragonpay is also required to submit daily reports and proof of transactions, which GSIS will verify against settlement records.
Both parties have committed to fully comply with the Data Privacy Act of 2012, and relevant regulations of the Bangko Sentral ng Pilipinas and the Commission on Audit 'to protect the confidentiality and integrity of all personal and financial data.' —VAL, GMA Integrated News
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GMA Network
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Inflation, economy, price of rice: Where PH stands since SONA 2024
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The DA also vowed to intensify the implementation of industry recovery and expansion programs, such as the Swine Industry Recovery Project (SIRP) and Livestock Economic Enterprise Development, to strengthen food supply chains. IBON Foundation's Africa, however, said programs of the administration 'will all be tokenistic and exaggerated public relations efforts if the government does not commit budgets, resources and energy commensurate to the magnitude of the problems at hand.' 'The President spoke about supporting agriculture but, if anything, the smaller share of the sector in the 2025 budget to 3.9% of the total from 4.1% in 2024 indicates a deprioritization of interventions that were already inadequate to begin with,' he said. GDP target missed As far as economic targets are concerned, the Marcos administration still has a far way to go, missing its GDP growth target for the second straight year. In 2024, the economy only grew by 5.7%, revised from earlier reported 5.6% growth, below the 6.0% to 7.0% target for the year. Growth surpassed the target ceiling in 2022 at 7.6%. As of the first quarter of 2025, the country's GDP grew by 5.4%, faster than the upwardly revised growth rate of 5.3% in the last quarter of 2024. With missed targets, the Development Budget Coordination Committee has slashed again the growth goals for 2025 to 5.5% to 6.5% range from the previous target of 6.0% to 8.0%. The economic team cited heightened global uncertainties, such as the unforeseen escalation of tensions in the Middle East and the imposition of US tariffs as considerations for adjusting the growth targets. Nonetheless, the administration's aspiration to elevate the Philippines to upper-middle-income country (UMIC) seems to be getting closer, as it missed the minimum for entering the UMIC bracket under the World Bank's classification by $26. The country remained a lower-middle-income economy as its GNI per capita in 2024 stood at $4,470, while the required GNI per capita to enter the UMIC roster was at $4,496 to $13,935. — BM/NB, GMA Integrated News


GMA Network
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GMA Network
2 days ago
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Approved commitments hit P90.96B in Jan-July 2025, up 100% —PEZA
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