The national government, spearheaded by the Department of Finance and Landbank, has launched the Overseas Filipino Bank (OFBank) as a digital-only, first branchless government bank that allows overseas Filipinos to perform banking transactions anytime and anywhere in the world.
Landbank started releasing on Tuesday, April 7, cash aid totaling P33.408 million or P8,000 each to 4,176 TNVS drivers in NCR to help them cope with the suspension of mass public transportation amid the enhanced community quarantine in Luzon.
The Digital Onboarding System (DOBS) allows immediate capturing and validation of complete account opening data while enabling easy storage and retrieval of digital records, as well as staying compliant with regulatory requirements of data quality.
The LTO said it is preparing for the implementation of online payment of initial registration fees for three years of new motor vehicles and motorcycles in Luzon next month and to the rest of the country by the end of the year.
The Small Business Corporation (SB Corp.) and the Land Bank of the Philippines partnered on September 19 to provide an e-payment collection service to micro, small and medium enterprises (MSMEs) through Landbank?s online payment facility.
Strategically located in all 81 provinces of the Philippines, Landbank will offer Western Union Money Transfer services, enabling consumers to receive money from more than 200 countries and territories around the world.
The I-Tech program also allows inventors to borrow up to 85 percent of the total loan amount or a maximum of P12.5 million, or what the borrower's repayment capacity is, whichever is lower.
