By DSWD, June 30, 2020

The Department of Social Welfare and Development (DSWD) has signed a Memorandum of Agreement (MOA) with the Bangko Sentral ng Pilipinas (BSP) for the digital disbursement of the second tranche of SAP. The DSWD and BSP emphasized that digital electronic disbursement is the most expedient way to accomplish this task. The agreement also specifies that the BSP shall provide assistance to the DSWD in technical discussions with financial service providers (FSPs) to ensure the effective implementation of account-based and digital/electronic disbursements.