The Land Bank of the Philippines (LANDBANK) has recently joined the e-wallet space with the launch of “LANDBANKPay,” an all-in-one mobile wallet. This mobile payment application provides users with their own personal virtual transaction prepaid account that they can use to do basic transactions like balance inquiries and bills payment.
Using a simple top-up method through their mobile phones, users can utilize LANDBANK’s small wallet account to buy reloads or pay their bills at more than 800 government and private merchant partners of the bank. They can also cash in via the bank’s mobile app and branches, as well as agent banking partners of the state-run bank.
LANDBANKPay’s other features also include cash-in and cash-out facilities, fund transfer as well as online purchases, and local cash remittance through LBPadala. It is also linked to the bank’s credit and prepaid cards.
LANDBANK is offering this new platform as part of its commitment to safe, responsive, and affordable financial products and services. Through this new platform, payment of goods and services can now be completed anytime, anywhere, without using paper money or coins.
Open to everyone
LANDBANKPay is available to all users, even for those without an existing LANDBANK account yet. It was primarily designed for the unbanked and those residing in underserved areas of the country so they can perform cashless transactions using their mobile phones.
Registration for the bank’s small wallet portal only requires the provision of a few details: the customer’s mobile number, full name, and birth date. It also entails opening a small wallet account with a maximum balance limit of P20,000.