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LANDBANK digital transactions jump 25% in H1 2022


August 14, 2022

For the first half of 2022, the major digital banking channels of the Land Bank of the Philippines (LANDBANK) registered growths of 25% in volume and 21% in value, year-on-year, facilitating a total of 77.6 million transactions valued at P1.4 trillion.

The increases represent combined transactions from the LANDBANK Mobile Banking App (MBA), iAccess, weAccess, Link.BizPortal, Electronic Modified Disbursement System (eMDS), and the LANDBANK Bulk Crediting System (LBCS).

“LANDBANK remains committed to promoting greater digital adoption in support of the National Government’s financial inclusion agenda. Our safe, convenient and accessible digital banking products are designed to meet the needs of our diverse customer base, as we continue serving the nation,” said LANDBANK President and CEO Cecilia C. Borromeo. 

The LANDBANK MBA led in terms of transaction volume with 59.8 million amounting to P103.1 billion, translating to 27% and 37% increases in volume and value, respectively.

In terms of value, the Bank’s internet facility for national government partners, eMDS, topped the list with a total value of P966.2 billion or a 22% rise year-on-year, from facilitating 1.2 million transactions.

The LANDBANK weAccess—the Bank’s corporate internet banking platform—also recorded growths of 17% in transactions and 11% in value, facilitating more than 10 million transactions worth P262.8 billion.

Meanwhile, LANDBANK’s web-based payment channel, Link.BizPortal, facilitated 2.8 million transactions equivalent to a 48% increase, with a corresponding total value of P6 billion or 30% growth rate.

Lastly, the LANDBANK iAccess and LBCS—the Bank’s online retail banking channel and electronic disbursement facility, repectively—recorded a combined total volume of 2.8 million transactions amounting to P15.3 billion.

With the soaring demand for digital banking channels amid the pandemic, LANDBANK assures customers that it is maintaining the highest level of security in all its systems, as it also reminds customers to remain vigilant against online banking fraud and scams.

Through the years, LANDBANK has grown into one of the leading universal banks in the country, while remaining faithful to its social mandate to promote inclusive and sustainable development.

On 8 August 2022, the Bank celebrated its 59th anniversary, representing almost six decades of service to the nation. 


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Serving the digital demand: LANDBANK’s digital platforms record 42% rise to P8.8T in value

The Land Bank of the Philippines (LANDBANK) recorded a significant 42% growth or P8.8 trillion in digital transaction value in 2023 as compared to P6.2 trillion in 2022, facilitated by its digital banking channels and driven by growing customer preference for digital solutions.   The 42% surge was propelled by a 48% jump in total transaction volume of 92.9 million from 62.6 million year-on-year, facilitated through the Bank’s digital banking channels, including the LANDBANK Mobile Banking App (MBA), iAccess, weAccess, Link.BizPortal, i-Easy Padala, Electronic Tax Payment System (eTPS), Electronic Modified Disbursement System (eMDS), and LANDBANK Bulk Crediting System (LBCS). “LANDBANK continues to leverage technology to level-up service delivery and drive financial inclusion across the country. In step with growing customer demand, we are set to expand our innovative offerings to further contribute to the nation's digital transformation journey,” said LANDBANK President and CEO Lynette V. Ortiz. For retail clients, i-Easy Padala, LANDBANK’s real time web-based remittance system for overseas Filipinos, facilitated 3.3 million transactions for P4.33 trillion in value, which covers almost half of the total recorded value for the year. The LANDBANK Mobile Banking App (MBA) led the growth in digital transactions with a 44% increase to 55.2 million transactions amounting to P316.8 billion. The Bank’s web-based payment channel, Link.BizPortal, likewise facilitated 7.65 million transactions for a 33% increase, with total value of P11.5 billion. The payment channel also saw a substantial 53% rise in government agency partners, bringing the total number of Link.Biz merchants to 1,193 as of December 2023. LANDBANK’s alternative payment channel, eTPS, facilitated P134 billion in value; while the Bank’s online retail banking channel, iAccess, recorded P18.36 billion. For institutional clients, the LANDBANK eMDS internet facility for national government partners generated P2.95 trillion in value for a 38% increase year-on-year, facilitating 3.2 million transactions. LANDBANK's electronic bulk disbursement facility, the LBCS, recorded a total volume of 7.1 million transactions amounting to P67.86 billion, translating to unprecedented expansions of 296% and 138%, respectively. Lastly, the LANDBANK corporate internet banking platform, weAccess, recorded a 53% increase in transactions and 57% increase in value, facilitating over 14.4 million worth P952.1 billion, respectively.  LANDBANK remains committed to further enhancing its digital platforms and expanding its reach, to better serve diverse customer needs and contribute to growing the Philippines' digital economy. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. It is committed to provide responsive and meaningful services beyond banking, while leveraging on innovative technology for safe, convenient, and accessible digital banking solutions.

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