THE national government has started pilot testing the disbursement of crop insurance claims through prepaid cards as part of its digitalization efforts in the agriculture sector.
“Through our partnership with PCIC, we aim to enhance the delivery of insurance claims and make our banking services more accessible to farmers,” Landbank President and CEO Cecilia C. Borromeo was quoted in the statement the lender issued last Sunday, more than two weeks after the prepaid cards were distributed last January 27.
As of January 27, Landbank said the PCIC has requested the bank to produce a total of 52,236 prepaid cards for its farmer-beneficiaries. To date, Landbank said it has already released 34,847 prepaid cards to PCIC, which shall facilitate the distribution to its farmer-beneficiaries.