I regularly get feature requests through email and I respond only to those that address me by name (It's Jill, btw. Not "Hello," or "Hi,"). And of those that I respond to, I turn down about 99% because I have long decided not to do sponsored posts or link exchanges to make my life easier. But every now and then, a request gets through my two filters and actually piques my interest.
The email from Moneygment was one such feature request because it claimed that its app can pay government benefits. Well hello there! Nice to meet you Moneygment!
Moneygment describes itself as:
"[A] one-stop shop financial solution for self-employed individuals, small and medium enterprises, homemakers, OFWs, and unbanked Filipinos. Current Features available are the payment of Pag-IBIG, Philhealth, SSS, and BIR contributions and taxes. Other features are currently in the works and will be released very soon."
My primary motive for doing this post was to find out for myself how Moneygment will process Pag-ibig housing loan payments because I'm always on the lookout for a more efficient system than what I already have. This image beautifully summarizes how to use the app to pay Pag-ibig, as well as Philhealth and SSS.
This was the summary for my Pag-ibig transaction:
No additional fee(s) for Pag-ibig housing loan payments! Yay!
I received a similar summary in my email with information on Moneygment's bank accounts because I chose the "Deposit to Bank Account" option. But payment can also be made through EC-pay, 7-11, Dragonpay and Paypal.
From what I gathered, Moneygment is not an authorized Pag-ibig housing loan payment partner like Metrobank and Landbank. Rather, it is a third party that the app user authorizes to process and remit payment on his/her behalf.
Since I already pay my Pag-ibig housing loan directly through Metrobank online, I really don't need an intermediary to act on my behalf. But I can imagine that the Moneygment app will be so helpful to those who don't have a Metrobank online account since lining up to pay for bills is a mind-numbing task that should be avoided as much as humanly possible.
While it may be quite useful for Pag-ibig housing loan payments, Moneygment really shines when it comes to SSS payments as detailed in this post by SSS Inquiries. Apparently, SSS has added an extra layer of bureaucracy to make paying your SSS dues more challenging than it already is:
Starting January 16, 2018, the Social Security System has implemented a new rule on paying a contribution. This has drastically changed the process of paying and most find it really inconvenient. Before, you just have to have your SS Number then go to any SSS Branch, Bayad Center or any payment center that accepts SSS contribution, accomplish their form then pay on their cashier. Now, you will need to obtain your SSS Payment Reference Number first which is a series of 14 alpha numeric characters that uniquely represents your SS Number, the month and the amount that you are paying for. The SSS PRN is currently used for paying SSS Contributions only. SSS has explained that the SSS PRN is implemented to facilitate correct and real time posting of payment and contribution.
Because of the implementation of SSS PRN, we have observed that the number of banks and payment centers that accept SSS related payments became limited. I used to pay for my SSS Contribution voluntarily to the bank near my office, but the bank teller told me that SSS has required them to upgrade their system to comply with the SSS PRN implementation and until they have complied with the required upgrade, they cannot accept any payment for SSS.
Before, I also used the Coins.ph App to pay for my SSS Contributions and Loans, however, they temporarily discontinued accepting payments for SSS, maybe also due to the compliance being required by SSS just like with other banks.
I tried to go to the SSS Branch in Diliman to pay for my quarterly SSS Contribution, but the queue can consume all your patience. There will be two process that you have to undergo: 1) Get your SSS PRN and 2) Line up to their Payment Teller. Many who were there told me that paying their contribution can consume half of your day just lining up to get the PRN and Pay it at the Payment Teller. For Self Employed and even Full-Time moms, a day wasted can really cost you a lot.
Good thing that when there is a problem, a solution arises! When I got discouraged with the new payment scheme of SSS, I searched the Facebook if there is some kind of “short-cut” to pay my SSS Contribution and Loan. And I found this Moneygment App by Togetech Inc."
The post then went on to detail how to use the Moneygment app to quickly and painlessly generate a Payment Reference Number and pay the SSS contributions. Kudos to the people behind Moneygment app! This is the sort of technology we need in our lives, technology that saves us time and saves us from bureaucratic inefficiencies.
You can find out more about Moneygment through its FAQ section and download the app through Google Play or the App Store.