NCSC, LandBank digitize cash gift distribution for senior citizens

The National Commission of Senior Citizens (NCSC) and LandBank have signed a supplemental memorandum of agreement (MOA) to institutionalize the nationwide digital distribution of cash gifts under the Expanded Centenarians Act (ECA).

According to LandBank, the partnership advances the government's digital governance agenda by modernizing the delivery of cash incentives through secure and efficient electronic payment channels.

"By modernizing our financial delivery systems, we are not just distributing funds; we are actively eliminating barriers, reducing long lines, and delivering dignity, security, and respect to our older population," NCSC chairperson and CEO Merceditas Gutierrez said.

Senior citizens who reach the milestone ages of 80, 85, 90, and 95 are entitled to receive a P10,000 cash gift, while those who reach 100 years old are eligible to receive a P100,000 cash gift under the ECA Program.

Beneficiaries with existing LandBank accounts may have their cash gifts directly credited to their accounts.

"The systems we build must always reflect real needs and lived experiences. At LandBank, we believe that true development is not merely measured by technological advancement, but by how effectively we use it to protect and care for the vulnerable sectors of our society," LandBank president and CEO Lynette Ortiz said.

Through LandBank's weAccess internet banking facility and bulk crediting system, qualified ECA grantees will receive their cash incentives through a LandBank Perang Inimpok Savings Options (PISO) Plus Account, LandBank Visa Debit Card, or nominated bank accounts.