Kickstarting its initiatives towards building an intelligent city, the Municipality of Cordova tapped Globe—through its enterprise arm, Globe Business—to give 20,000 constituents access to GCash. Through the municipality’s GCash-enabled Citizens ID, the residents of Cordova will be able to conduct cashless transactions, including receiving financial assistance from the government.
Municipality of Cordova selects Globe for GCash-Powered Citizens ID
“We’re grateful to Globe for helping us conceptualize our Citizens ID and other projects involving the GCash platform. Through this endeavor, we aim to assist thousands of households and journey with them towards financial inclusivity. With Globe’s dedication to service, we were able to fast-track our Teche Cordova project—our leap towards transforming Cordova into a smart city powered by Globe,” mentioned Cordova Mayor Therese “Teche” Sitoy-Cho.
The municipality’s Citizens ID serves as more than just an identification card for the residents of Cordova. Aside from storing the cardholder’s information, the government’s emergency subsidy under the Social Amelioration Program (SAP) will also be coursed through the ID. In turn, constituents will be able to securely use their GCash account card for financial transactions such as paying for groceries, utility bills, prepaid load, buying products online, opening savings accounts, and more.
Globally, Over 100 million adults still receive government transfers, wages, or pensions in cash. According to a 2019 Financial Inclusion Survey released by the Bangko Sentral ng Pilipinas in 2020, around 51.2 million Filipinos remain unbanked, making it nearly impossible for them to accumulate savings or establish a financial history to access other financial services.
“We believe in inclusivity and digital democracy. Individuals and communities should have equal access to technologies that make their lives better,” shared Peter Maquera, Senior Vice President for Globe Business. “By working with organizations, like the Municipality of Cordova, we’re able to let more people participate in the country’s economic growth and achieve collective resilience through digital tools.”
As a purpose-driven enterprise, Globe relentlessly works with the government and businesses in achieving its sustainable development goals established by the United Nations. One of these goals is to highlight the roles of infrastructure and innovation as crucial drivers of economic growth and development.
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