The Land Bank of the Philippines has partnered with MyEG Philippines Inc. to allow users of the Link.BizPortal facility to pay for products and services online from both the government and private institutions using E-Wallets.
Through this partnership, LandBank Link.BizPortal users will now have access to MyEG’s roster of E-Wallet payment facilities such as GCash, Maya, GrabPay and ShopeePay to pay for police clearance from the Philippine National Police, Overseas Workers Welfare Administration membership and other government fees from the Department of Labor and Employment, Department of Trade and Industry and Civil Service Commission.
Meanwhile, cash payment options remain available thru any branches of 7-Eleven, Cebuana Lhuillier, Palawan Express, Bayad Center, SM Malls, Robinsons Department Store, Tambunting Pawnshop, RD Pawnshop, USSC, Posible, DA5, and many others.
Adding these alternative digital payment options will provide convenience and efficiency to merchants and institutions, as well as safer and faster delivery of funds.
The partnership will likewise decrease the direct and indirect costs associated with physical cash or distribution of in-kind goods; establish accountability and tracking of financial flows thereby limiting risks of corruption and theft, as well as de-clog lobby traffic and save on operation costs.
“LandBank is fully committed to servicing the growing preference of customers for digital and online payments. Together with MyEG, our expanded payment options will significantly contribute to delivering a safer and more efficient way of accepting and processing payments, in line with our broader thrust of serving the nation,” said LandBank Digital Banking Sector OIC senior vice president Randolph Montesa.