Philippines-based UnionBank reportedly will offer pensioners a way to receive benefits through ATMs. The service would apply to some 81,000 pensioners who receive benefits from the Government Service Insurance System, according to the Philippine Star newspaper. Neither government nor bank officials could be reached for comment by CardLine Global. The scheme would start 1 July. Pensioners would need a UnionBank Visa-branded ATM card and a savings account to participate in the scheme, which would enable pensioners to withdraw their benefit funds from ATMs.
Authoritative analysis and perspective for every segment of the payments industry
Authoritative analysis and perspective for every segment of the industry
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