The Land Bank of the Philippines (LANDBANK) has joined hands with the
Department of Information and Communications Technology (DICT) and Bureau of
the Treasury (BTr) to develop a single platform for all government payments.
National Treasurer Rosalia V. De Leon, DICT Undersecretary David L. Almirol, Jr.,
and LANDBANK President and CEO Lynette V. Ortiz led the signing of a
Memorandum of Agreement (MOA) on 15 August 2023 in Manila to formalize the
collaboration for the electronic Government Payment Platform (eGovPay).
"We are proud to contribute to this ground-breaking initiative and lay the
foundations for a centralized digital payment gateway. We are set to revolutionize
how the whole government handles payments, and more importantly, provide
convenience to fellow Filipinos than ever before," said LANDBANK President Ortiz.
The eGovPay platform introduces a secure and centralized gateway that simplifies
payment acceptance for government agencies. The platform is designed to enhance
the government’s data management and reporting capabilities, slash costs tied to
manual operations, and streamline the reconciliation process.
Under the partnership, LANDBANK assumes the role of depository and financial
settlement bank for eGovPay.
The DICT will act as user and application administrator to onboard Payment Service
Providers (PSP) and Government institutions to the eGovPay, and will ensure the
smooth integration of different payment channels to the systems of LANDBANK.
Meanwhile, the BTr will be responsible for ensuring full compliance of LANDBANK
and DICT-covered agencies to the Treasury Single Account Framework, particularly
on the collection and remittance of internal revenue taxes, custom duties and other
national collections.
This tripartite collaboration follows the development agenda of President Ferdinand
R. Marcos Jr. to prioritize digitalization and promote digital payment solutions for the
efficient delivery of public service.
The eGovPay will also support the Adoption of Digital Payments for Government
Disbursement and Collections pursuant to Executive Order (EO) No. 170, and
Republic Act No. 11032 which promotes the Ease of Doing Business and Efficient
Delivery of Government Services.
This initiative likewise complements LANDBANK’s own phygital strategy towards
improving access to reliable, relevant, and convenient financial services by
continuously expanding touchpoints nationwide while developing more responsive
digital channels.
LANDBANK is celebrating its 60th anniversary this month, representing six decades
of uplifting lives, empowering communities, and serving the nation — all in pursuit of
an inclusive and sustainable economy.
