GSIS members use e-card

CEBU, Philippines - More than 1 million members of the Government Services Insurance System (GSIS) already chose to have their loan proceeds and other benefits credited to a Unified Multi-Purpose Identification (UMPI) e-Card issued by the Land Bank of the Philippines (LBP).

 Last December, the GSIS renewed its partnership with LBP in order to give the more than 300,000 pensioners a choice to receive their monthly pension and other benefits through a LandBank ATM or e-card.

Robert Vergara, GSIS President and general manager, said the renewed partnership with LBP makes it easier for their members and pensioners especially in the provinces to access their benefits and other loans. Since August, 1.4 million members of GSIS have their loan proceeds and benefits credited to a UMID.  

By choosing LBP as servicing bank, the GSIS members would be able to benefit from its wide network covering 327 branches and more than 900 ATMs nationwide.

With the LBP-issued UMID e-Card, members can withdraw their loan proceeds and other benefits in any Expressnet, Bancnet or Megalink ATMs nationwide.

The UMID e-Cards also serve as a debit card in more than 20,000 accredited merchants nationwide and as a discount card for GSIS corporate partners such as Pfizer Incorporated and Systems Technology Institute (STI) Colleges.

The LBP-issued UMID e-Card is free of charge and with no maintaining balance required for GSIS members.  (FREEMAN)