Land Bank of the Philippines introduces own mobile payment app

State-run Land Bank of the Philippines (LANDBANK) has recently launched its own all-in-one mobile wallet, the LANDBANKPay.

The versatile mobile payment application allows users to safely and conveniently pay bills, load up mobile phones and tollway RFID accounts, make a purchase online, and transfer funds anytime, anywhere.  

“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. 

To use the app, clients only need their mobile number, full name, and birthdate to open a small wallet account with a balance cap of P20,000, the bank said. 

It added that the app can be used even by those without an existing LANDBANK account.

According to the state-run bank, the LANDBANKPay Small Wallet account can be used for basic transactions, such as balance inquiries, prepaid mobile reload, 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.

Customers can upgrade to a LANDBANKPay full wallet account by adding a government-issued ID and taking a “selfie” to confirm their identity. 

Full wallet account holders can enjoy a higher maximum balance limit of P50,000 and LANDBANKPay’s full array of features, which include cash-in and cash-out facilities, fund transfers, prepaid mobile reload, 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 can be downloaded for free from the Google Play Store and iOS App Store. 

Source:

https://www.landbank.com/news/landbank-launches-landbankpay-the-all-in-one-mobile-wallet