Just recently, the Department of Finance (DoF) announced that there will be a small business wage subsidy (SBWS) program. This program will be sent to people through the Social Security System (SSS) and the eligibility of these are specific.
This image was taken from CNN Philippines | CNNPhilippines.com | From Jilson Tiu If you want to know more information about it, here’s a guide on what you can do to apply:
Read: How to Avail Small Business Wage Subsidy (SBWS) Program
The link above would include the following information:
The documentary requirements needed Eligibility requirements The amount; and Schedule of when it’s going to be sent The most common type of loan proceeds distribution would be to the bank account for PESONet bank affiliations. However, what’s included in the modes are:
Cash pick-up arrangement through remittance companies like MLhuiller E-wallet like PayMaya Through SSS UMID Cards that are enrolled as ATMs Employee’s bank account for PESOnet bank affiliations Union Bank Quick Card (SSS partnership) Read: P50.8 Billion Wage Subsidy For Middle Class Workers, Approved
As for other options, you can receive it by picking it up from remittance companies. Alternatively, you can also receive it through your e-wallet like PayMaya. By doing so, you don’t need to have a bank account to receive the loan proceeds; you can receive your SBWS through PayMaya!
Creating an account in PayMaya is rather easy; it would ask you for a few pieces of information. In the event that you don’t have a PayMaya account, here’s a quick guide on how you can create one:
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Download the PayMaya application on your smartphone (Android version or iOS version ) Once you’ve finished downloading, select the app then hit on Register. Enter all necessary information including:
Your mobile number (you’ll receive the confirmation here) Full name Complete address Email address Double-check all the information you have provided Hit on Agree when it’s finalized You will be sent a text message or an SMS of the verification code to the mobile number you’ve registered Enter the verification code on the app *but when you’re using the same number for the app, it’s going to be populated automatically Hit on Proceed To get Php50 FREE credit you can use the code 8jbvb3 then tap “Submit Invite Code” That’s the first step, however, if you would be using this for receiving your SBWS proceeds, you might need to be completely verified first. To verify:
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When you’re inside the account, hit on the Menu option; it’s MORE for iOS Hit on the option that says Upgrade for Free Populate the empty fields with all the information that is required; make sure that all of the information you’ve entered is correct so that it reflects the ID you will upload:
Your full name Date of Birth (DoB) Upload a photo of a valid government ID; Take a video clip of you being legitimate (liveness clip) When you’ve completed this, you will receive a verification code both through the app and the SMS Depending on the application status, you might be asked to initiate or to participate in a video call with a representative. Now that you know how you can create a PayMaya account; here’s a guide for you to receive the SBWS through PayMaya.
Once you have your PayMaya account, log-in to your My.SSS account through SSS.gov.ph When you’re in, hit on the E-Services and click on Bank Enrollment If you don’t have a bank account, you can enroll your PayMaya account instead; hit on PayMaya as the option and enter your Paymaya registered mobile number You’ll see a prompt telling you that you have successfully added your PayMaya account An email notification will be sent to you saying that your registration is successful Read: Pag-IBIG Fund 3-Month Moratorium FAQs: Who Can Get it, How, and Other Questions, Answered
So if you don’t have a bank account, don’t panic. PayMaya has got you! SSS made it convenient for everybody to the point that approved members will be able to receive their SBWS through PayMaya account.
As per the guidelines of the SBWS, for each region, there’s a specific amount. They are as follows:
National Capital Region (NCR – P8,000 Cordillera Administrative Region (CAR) – P5,500 I – P5,500 II – P5,500 III – P8,000 IV-A – P8,000 IV-B – P5,000 V – P5,000 VI – P6,000 VII – P6,000 VIII – P5,000 IX – P5,000 X – P6,000 XI – P6,000 XII – P5,000 CARAGA – P5,000 Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) – P5,000 Related: Free Electricity for Lifeline Consumers From March Until April
What do you think about the fact that you are actually able to receive your SBWS through PayMaya?
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