GSIS Expands Loan Repayment Solutions – Manila Bulletin

The state-owned Government Service Insurance System (GSIS) has partnered with Mr. Lhuillier to expand pension fund loan repayment solutions.

In a statement released Thursday, September 8, the civil servants pension fund said a memorandum of understanding had been signed by GSIS President and CEO Wick Veloso and Mr. Lhuillier, Michael Lhuillier, last Tuesday.

Mr. Lhuillier is one of the largest non-banking financial services networks in a country with 2,576 branches located in cities, towns and remote barangays across the country.

“We welcome this partnership with Mr. Lhuillier, especially his strategic presence in the South, as 40% of our members and retirees are in the Visayas and Mindanao,” Veloso said.

“We are bringing our ginhawa services closer to our members and retirees by engaging more payment channels so that our stakeholders do not need to visit our offices. It will also complement GSIS efforts to improve the efficiency of our loan collection,” he added.

“We are honored to be part of the GSIS payment platforms for the greater convenience of its members and retirees. We look forward to developing this partnership. Lahat pwede or what we call “pwede-bilities” when you partner with Mr. Lhuillier”, Lhuillier. Said.

Mr. Lhuillier now joins Bayad in accepting advance payments from GSIS. To date, it has collected 173 million pesos in loan repayments from Bayad’s nearly 3,000 payment centers.

Veloso said he hopes to double that feat with Mr. Lhuillier’s payment solutions from more than 2,500 centers.

“Member loan payments are also accepted through Union Bank of the Philippines and Land Bank of the Philippines online applications. This means more GSIS funds can be made available to our members and retirees who need them,” Veloso said.

“We plan to enter into similar agreements with other payment service providers in the coming months to bring our payment channels to 10,000 over-the-counter and online outlets to improve our customer experience,” said added Veloso.

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