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Landbank, Batanes LGU partner for online payments

Business | Banking & Finance

Landbank, Batanes LGU partner for online payments

By Lee C. Chipongian

State-owned Land Bank of the Philippines (Landbank) and the Batanes local government unit (LGU) have partnered to use Link.BizPortal channel for a more convenient and faster online payments.

In a statement, Landbank president and CEO Lynette V. Ortiza said the bank will support the LGU’s digitalization with innovative products and services. “We look forward to more fruitful collaborations in advancing responsive public service delivery,” she said on Tuesday, Nov. 21.

Landbank's Link.BizPortal allows residents to conveniently settle local fees, dues, and charges online at their convenience with just a few clicks on their computers or mobile devices.

Meanwhile, Batanes Governor Marilou H. Cayco said that with the digital channel, LGU customers will enjoy worry-free payments system.

The memorandum of agreement for the partnership was signed last Oct. 12, 2023.

According to Landbank, the Provincial Government of Batanes is one of its top depositor in its Basco Branch since 1992 and “remains among its valued clients.”

“It is also the first LGU in Batanes to avail of the Bank’s various digital banking products, including ATM payroll servicing and weAccess, among others,” it noted.

Landbank is the largest government bank in the Philippines and the second biggest commercial bank.

As of end-September this year, it had a net income of P31.85 billion, up 24 percent from P25.7 billion same time in 2022.

For the first three quarters, the bank has a goal of earning at least P26.3 billion. The bank has exceeded that target by P5.6 billion, or about 90.9 percent of the P35 billion full-year target for 2023.

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