The Land Bank of the Philippines (LANDBANK) now offers a versatile mobile payment application which allows users to safely and conveniently pay bills, load up mobile phones and tollway RFID accounts, purchase online (e-Commerce), as well as transfer funds anytime, anywhere.
LANDBANK unveiled the LANDBANKPay, an all-in-one mobile wallet in a virtual launch event on 22 April 2022, to further widen the access of customers to financial services and advance greater financial inclusion in the country.
“The LANDBANKPay builds on our broader thrust of serving the nation through reliable and convenient digital banking. This is in line with LANDBANK’s full commitment to expand access to responsive and affordable financial products and services, especially for those residing in unbanked and underserved areas of the country,” said LANDBANK President and CEO Cecilia C. Borromeo.
Initial registration in LANDBANKPay, which only requires a customer’s Mobile Number, full name, and birth date, opens a Small Wallet account with a maximum balance limit of P20,000.
The LANDBANKPay Small Wallet account can be used to perform basic transactions, such as balance inquiry, buy load, bills payment to more than 800 government and private partner merchants enrolled in the LANDBANK Link.BizPortal, and cash-in via the LANDBANK Mobile Banking App (MBA), Link.BizPortal, LANDBANK Branches and Agent Banking Partners nationwide.
Small Wallet accountholders can likewise request and receive funds from Full Wallet accountholders.
Customers can upgrade to a LANDBANKPay Full Wallet account by providing basic demographic information, uploading a valid government-issued ID, and taking a “selfie” to confirm their identity.
Full Wallet accountholders will enjoy an increased maximum balance limit of P50,000 and LANDBANKPay’s full array of features, which include cash-in and cash-out facilities, fund transfers, buying load, online purchases, local cash remittances through the LBPadala, bills payment to more than 800 government and private partner merchants enrolled in the LANDBANK Link.BizPortal, and linking of LANDBANK Credit and Prepaid cards.
LANDBANKPay in PhilSys
The LANDBANKPay was soft-launched in 2021 to provide National ID applicants who have smartphones their own transaction accounts, under LANDBANK’s co-location strategy with the Philippine Statistics Authority (PSA) for the PhilSys Project roll-outs.
As of 31 March 2022, LANDBANK has onboarded more than 7.8 million PhilSys registrants in 70 provinces nationwide.
The LANDBANKPay joins LANDBANK’s roster of major digital banking channels, which include the LANDBANK Mobile Banking App, weAccess, iAccess, Link.BizPortal, and the Electronic Modified Disbursement System (eMDS).
The LANDBANKPay is free to download from the Google Play Store and iOS App Store for all users, even those without an existing LANDBANK account.