DBP to roll out facility to disburse financial aid in BARMM

Quick Summary:

STATE-run Development Bank of the Philippines (DBP) will provide a "benefit disbursement solution” for the social service program of the Bangsamoro Region in Muslim Mindanao (Barmm) to further bridge the financial inclusion gap in the Barmm.

To roll out the funds immediately, electronic wallets and existing cards in other banks may be used in the meantime.

In 2025, Jajurie said about P1.4 billion will be allocated for various social service programs in the region.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Barmm Facility Disbursement Jajurie Agreement Jesus Electronic Financial Beneficiaries Programs Social

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 15:28:12 (4 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 380 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23721633

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