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  • SSS Mobile App Has 7.6M Transactions On Salary Loan Status

    SSS Mobile App covers over 22 million transactions in the first half of 2020.
    by SmartParenting Staff .
SSS Mobile App Has 7.6M Transactions On Salary Loan Status
PHOTO BY screenshots from Google Play
  • It is the sign of the times when a government-run benefits program has an app that ranks as one of the most downloadable apps. People are staying home (yay), but it also means folks are looking for a financial lifeline.

    According to Reportr, the Philippine Statistics Authority reported an unemployment rate of 10% in July, which means an estimated 4.6 million Filipinos aged 15 or higher are jobless. (The semi-good news is the July rate has gone down from 17.7% in April.) 

    In a press release, the Social Security System announced that SSS Mobile App ranked as the most downloadable free app in Google Play Store under the productivity category, with 6,032,977 downloads from Android phone users.

    And what are people checking? SSS Mobile App recorded 7,628,068 transactions on salary loan status.

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    SSS Mobile App is among the top three most downloadable under the utility category in Apple’s App Store, with 726,840 downloads from iOs phone users. Likewise, the mobile application is the third most downloadable app under the finance category among Huawei users, with 726,000 downloads

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    SSS disclosed that the SSS Mobile App recorded nearly 22.4 million transactions from its members for the first half of 2020. As of July 2020, SSS Mobile App accumulated 7,485,817 downloads in the three mobile app markets.

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    SSS president and chief executive officer Aurora C. Ignacio said the pension fund’s mobile application facilitated 22,363,413 transactions from January to June 2020, with an average of 124,24 transactions daily.

    Ignacio says, “Among the transactions on SSS Mobile App, checking member’s salary loan status garnered the highest number of transactions. From January to June 2020, the SSS Mobile App recorded 7,628,068 transactions on salary loan status.”

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    Launched in 2018, the SSS Mobile App is a free downloadable app for smartphone users. It is designed to provide a more convenient way for members to transact with SSS without the hassle of queuing in the branches. In 2010, SSS also had implemented the Text-SSS facility for members to obtain information on their contributions and loan records.

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    A member may register in Text-SSS by sending their SSS number and birthdate using the format “SSS REG ” to 2600.

    According to Ignacio, members can view their contributions record, membership information, and SSS branches’ location on the app. They can also check the status of their benefit claim and salary loan applications, their remaining loan balance, and update their contact information as well.

    “Through the years, we have incorporated other services in the SSS Mobile app, like the generation of Payment Reference Number (PRN) needed for SSS contribution payment and filing of maternity notification for female SSS members. They can also pay their contributions using PayMaya through the SSS Mobile App,” Ignacio added.

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