DIGITAL TRANSACTIONS coursed through Land Bank of the Philippines (LANDBANK) increased in the first half, driven by increasing demand and the government’s push for online financial services. READ:
The state-run bank facilitated a total of 77.6 million transactions amounting to P1.4 trillion in the first six months of the year, LANDBANK said in a statement on Sunday.The transactions were composed of those done on LANDBANK’s mobile banking app, iAccess, weAccess, Link.BizPortal, Electronic Modified Disbursement System , and LANDBANK Bulk Crediting System , the lender said.
LANDBANK’s eMDS, its Internet facility for national government partners, saw P966.2 billion in transactions, up 22% year-on-year, via 1.2 million transactions. LANDBANK’s web-based payment facility, Link.BizPortal, facilitated 2.8 million transactions, up 48% year on year. The value of these payments rose 30% to P6 billion.