The Department of Social Welfare and Development (DSWD) has launched the “e-PANALO ang Kinabukasan” program aimed at boosting the digital financial literacy of Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries.
This program is designed to help 4Ps members integrate into the digital financial system and access various fintech services more efficiently.
Targeting active 4Ps beneficiaries, the program offers training on using digital platforms for managing transactions, thus enhancing their budgeting skills and economic participation.
Launch of the e-PANALO Program
The e-PANALO program was launched at the Barangay Paquibato Proper Barangay Hall in Davao City on May 27, 2024.
The event was hosted by DSWD Field Office XI and attended by numerous 4Ps beneficiaries.
This program not only aims to integrate 4Ps members into the country’s financial system but also seeks to enhance their access to various fintech services.
Importance of Digital Financial Inclusion
In today’s digital age, the ability to use digital technology for transactions such as shopping, paying bills, and sending money is important.
Programs like e-PANALO ascertain that 4Ps members are not left behind and can access digital platforms just like everyone else.
This inclusion not only enhances their fund management skills but also opens up new opportunities for economic participation.
Objectives of the Program
Enhancing Digital Financial Literacy
According to DSWD Assistant Secretary for 4Ps and the National Household Targeting System, Marites Maristela, the e-PANALO program offers new methods for beneficiaries to receive their grants.
It aims to improve their digital financial literacy, helping them to better understand and use such services.
Moreover, the program seeks to prevent issues like “cash card pawning” and to reduce the travel expenses of beneficiaries who live in remote areas and need to access their cash grants.
Adapting to Digital Platforms
Assistant Secretary Maristela emphasized the importance of helping 4Ps beneficiaries adapt to modern digital platforms and technology.
This adaptation will allow for faster access to various online financial services, making sure that beneficiaries can handle their transactions more efficiently.
By equipping them with the necessary knowledge and skills, the DSWD aims to deliver cash grants in a timely and convenient manner.
Collaborations and Partnerships
The e-PANALO program involves collaborations with several key partners, including LandBank of the Philippines and private sector entities like Ayala Foundation, BPI Foundation, Maya, and G-Xchange Incorporated, the operator of GCash.
During the launch event, around 200 4Ps beneficiaries received training on using digital applications for their transactions.
This training is part of the regular Family Development Sessions provided to more than 4 million 4Ps households nationwide, aimed at enhancing their financial literacy.
Support from Local Government
Davao City Mayor Sebastian Duterte, represented by City Councilor Al Ryan Alejandre and City Social Welfare and Development Officer Joy Dayaday, expressed full support for the e-PANALO program.
The local government unit (LGU) is committed to implementing the program and supporting its success for the benefit of 4Ps beneficiaries in Davao City.
Eligibility
To be eligible for the e-PANALO program, you must be a current beneficiary of the Pantawid Pamilyang Pilipino Program (4Ps).
This specifically targets 4Ps households to enhance their digital financial literacy and inclusion.
By participating in this program, beneficiaries can learn to navigate and utilize various digital platforms for managing their funds and transactions.
Requirements
To join the e-PANALO program, 4Ps beneficiaries need to meet the following requirements:
- Active Membership: You must be an active member of the 4Ps program.
- Willingness to Learn: Beneficiaries should be open to learning new digital financial skills and participating in training sessions.
- Access to a Mobile Device: A smartphone or other digital device with internet access is necessary to use fintech services like GCash and other e-wallets.
- Attendance in Training Sessions: Beneficiaries are expected to attend the scheduled Family Development Sessions (FDS) where digital financial literacy will be taught.
Step-by-Step Guide to Join the Program
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Verify Your Eligibility:
- Confirm that you are an active 4Ps beneficiary.
- Check if the e-PANALO program is available in your area by contacting your local DSWD office.
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Prepare the Necessary Tools:
- Secure a smartphone or digital device with internet access.
- You must have a valid ID for identification purposes during training sessions.
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Attend Orientation and Training:
- Participate in the orientation sessions organized by DSWD Field Offices.
- Attend the Family Development Sessions (FDS) where digital financial literacy and the use of e-wallets will be taught.
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Register for Digital Financial Services:
- Follow the guidance provided during the training to set up accounts with digital finance service providers like GCash and LandBank.
- Make sure your accounts are verified and ready for transactions.
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Utilize Digital Platforms:
- Start using the digital platforms for receiving your 4Ps grants and managing other finance-related transactions.
- Practice the skills learned during the training to enhance your digital financial literacy.
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Seek Continuous Support:
- Stay in touch with your local DSWD office for ongoing support and updates.
- Participate in follow-up sessions to reinforce your learning and address any challenges you encounter.
By following these steps, 4Ps beneficiaries can effectively join and benefit from the e-PANALO program, gaining valuable skills for managing their finances in the digital age.
Recent Updates
DSWD Launches “e-Panalo ang Kinabukasan” Financial Literacy Campaign for 4Ps Beneficiaries
The DSWD introduces the “e-Panalo ang Kinabukasan” digital literacy campaign for 4Ps beneficiaries to enhance their access to online services and promote independence. Through this program, beneficiaries receive training on managing online transactions and utilizing digital platforms, reducing the need for physical travel to access subsidies. With a focus on rural areas, the program aims to integrate 4Ps recipients into the national system and empower them with modern tools and knowledge. (The Manila Times)
Video: DSWD, sinimulan na ang pagpapatupad ng 4Ps Digital Financial Literacy program
The DSWD has commenced the implementation of the 4Ps Digital Financial Literacy program, aiming to equip beneficiaries with essential skills for managing online financial transactions effectively. This focuses on enhancing the financial capabilities of 4Ps participants and promoting digital financial inclusion across communities. Through this program, DSWD aims to empower beneficiaries with the knowledge and tools necessary to navigate digital financial platforms confidently.
Conclusion
The launch of the e-PANALO program by the DSWD is a significant step towards enhancing the digital literacy and inclusion of 4Ps beneficiaries.
By providing them with the tools and knowledge needed to navigate the digital landscape, the program aims to improve their economic well-being and integration into the mainstream economy.
This demonstrates the DSWD’s commitment to empowering vulnerable communities and helping them thrive in an increasingly digital world.