Sunday, April 21, 2024
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digital transaction

Landbank posts 22% jump in digital transactions for first half of 2023

The state-run bank facilitated 94.7 million transactions worth P1.9 trillion from January to June 2023, representing year-on-year jumps of 22% and 41% in volume and value, respectively.

Expert: Improve PH tax law to capture revenues from digital transactions

A UP Law professor explained that the current tax system was developed for brick-and-mortar or traditional businesses with a physical location and is not applicable for e-commerce firms.

Landbank Q3 digital transactions surge 169% to P4.6 trillion

The overall increase in transaction value was propelled by the bank’s corporate Internet banking platform, the Landbank weAccess, which logged 13.26 million transactions worth P2.95 trillion – a 739% increase in value from the same period last year.

Report: SEA digital retail growth fastest in Asia Pacific

The report said 8 in 10 Filipino consumers will go digital by the end of 2021, shopping an average of 7.8 websites, an increase from 4.3 in 2020.
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