One Filipino, One Bank Account is being pushed by Senator Gatchalian

One Filipino, One Bank Account, proposed by Senator Win Gatchalian.

According to Sen Gatchalian, the One Filipino, One Bank Account is a virtual wallet for  every Filipino that will serve as a payment platform of the government in distributing financial aid, including educational assistance and medical assistance among many others, adding that the bill that he plans to file will not require minimum deposit amount.

In making every Filipino a bank account or virtual wallet holder, Gatchalian said more Filipinos will be able to engage in cashless transactions or digital payments which have been the norm since the COVID-19 pandemic set in last year.

 

Credit to:http://wingatchalian.com 

 

Just like, the eCard Plus issued by the Government Service Insurance System (GSIS) is a unified multi-purpose identification card that can be used for a number of government transactions and comes with a corresponding bank account. 

This is a good concept by Senator Gatchalian, the One Filipino, One Bank Account will really help every Filipino. So, we hope that this would be materialize.

Read the full details ‘One Filipino, One Bank Account’ will propel digitalization of financial transactions