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PCIC, GCash sign MOA; farmers can receive indemnity thru GCash

Farmers can soon receive indemnity payouts thru leading e-wallet platform GCash. This favorable development looms after state insurer Philippine Crop Insurance Corp. and G-Xchange, Inc., owner of GCash, signed a Memorandum of Agreement on Friday (January 24, 2025) to formalize a partnership enabling PCIC to utilize GCash Funds Disbursement Service to release indemnity payments to farmer-beneficiaries.

“This partnership with GCash marks a transformation on how we will deliver our services to our farmers, especially in the manner of distributing our indemnity payments to them,” PCIC President Atty. JB Jovy C. Bernabe said during MOA signing ceremonies at the GCash Headquarters in Taguig City.

This means farmers can receive indemnity payments, without the hassle of going to PCIC offices and check distribution activities, and encashing their checks. He adds that the partnership is a big step to giving farmers in remote areas access to financial services and boosts PCIC’s push for digitalization of its operations.

Further, Bernabe pointed out that access to GCash’s digital ecosystem ”is a step toward empowering our farmers.”

“GCash can help farmers manage their finances more efficiently by using many GCash features like a cashout option, online payments, and even access to micro-financing,” Bernabe said.

Bernabe led the PCIC officials during the signing ceremony. With him were Senior Vice President Segundo Guerrero, Jr., Vice President for Support Services Group Allan Retamar, and Vice President of the Corporate Business Affairs Group Melba Manalo.

G-XChange was represented by President and CEO Oscar Enrico Reyes, Jr., Head of GCash for Business Edgardo R. Layug Jr., Head for Public Sector Cleo Celeste Santos, and GCash’s Manager for Public Sector National Government Accounts Alda Lou Cabrera .

The Philippine Crop Insurance Corporation (PCIC) and GCash have signed a memorandum of agreement to distribute indemnity payments to insured farmers through the e-wallet platform.

Beyond indemnity payments, the partnership introduces farmers to GCash’s digital ecosystem, enabling them to save, invest, and access microfinancing tools to support financial growth—even in remote areas.

Read more of the story at the link in the comments section.

KUNG KAILANGANG mag-spray, unahin ang sarili! 🤗

⚠️ Hindi lang peste sa palayan ang dapat iwasan, pati na rin ang mga kemikal na maaaring makasama sa katawan. Kaya siguraduhin na suot ang tamang proteksyon kung kailangang mag-spray:

✔ Mask – para hindi malanghap ang lason habang naghahalo o nagspray
✔ Bota na pangbukid– para maiwasang masugatan ang paa
✔ Goggles – para hindi matalsikan ang mata ng lason
✔ Long-sleeve at pantalon – para hindi dumikit sa balat ang lason
✔ Sumbrero – proteksyon sa init ng araw
✔ Guwantes – proteksyon habang naghahalo ng lason at upang maiwasang mabasa ang kamay habang nagspray

👨‍🌾 Tandaan: Ang kaligtasan, dapat laging prayoridad! 😊

Ayon sa ulat, bumaba po ang halaga ng mga produktong agricultura noong nakaraang taon, 2024.

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JUST IN: The value of the country's agriculture and fisheries output (at constant 2018 prices) in 2024 declined by 2.2 percent as the production of crops, livestock and fisheries subsectors contracted on an annual basis. | via Jasper Emmanuel Arcalas