The waiver of fees, previously extended only until March 31, 2021, covers online fund transfers facilitated through Landbank’s online banking channels via InstaPay and PesoNet.
Under the enhanced I-STUDY Lending Program, Landbank is now offering a loan of up to P50,000 per student to finance the purchase of learning gadgets that can be included in the maximum loanable amount of P150,000 per student or P300,000 per parent-borrower to cover payment for tuition or enrolment-related fees.
State-run Land Bank of the Philippines has announced that transactions facilitated through its six major electronic channels grew by 21% in volume and 36% in amount in 2020 from 2019.
Powered by Landbank’s Link.BizPortal Facility, the PAF Online Payment System (POPS) will facilitate the online payment of light and water utility dues, bidding document fees, and trust receipts for the Air Force General Hospital.
Landbank said it has recorded 1,039,926 accounts opened online through its Digital Onboarding System (DOBS), as demand for online banking services as well as safer and more convenient ways to transact with banks continue to surge.
For its efficient online account opening through the Digital Onboarding System (DOBS), state-owned Land Bank of the Philippines has received a commendation from the Philippine Army (PA) for making it easier for new clients like Army recruits to open payroll accounts online.
Landbank will be working with Department of Trade and Industry-Construction Industry Authority of the Philippines, the Bureau of the Treasury, and PayMaya to ensure the efficient settlement of online payments made by clients and timely remittance of payments to the National Treasury.
The state-owned digital-only Overseas Filipino Bank (OFBank) has registered about 300 account openings a day since its mobile app was launched last June 29, its president and chief executive officer Leila Martin said.
Beneficiaries of the Social Amelioration Program being implemented by the DSWD can expect a faster release for the second tranche of their cash subsidies.
