MANILA -- The Land Bank of the Philippines (LANDBANK) has partnered with software solutions firm MULTISYS Technologies Corporation to provide local government units (LGUs) with an efficient digital payment and collection solution for local fees and charges.
Under the partnership, the state-run Bank’s all-in-one mobile wallet LANDBANKPay will be integrated with MULTISYS’ Smart City App, to allow residents to settle their financial obligations to LGUs without visiting the local offices.
These financial obligations include payments for real property tax, business tax, community tax certificate, local civil registry, health and business permits, and licenses.
LANDBANK President and CEO Cecilia C. Borromeo and MULTISYS President and CEO David L. Almirol, Jr. led the ceremonial signing of the Memorandum of Agreement (MOA) on 24 May 2022 at the LANDBANK Plaza in Malate, Manila to formalize the partnership. They were joined by LANDBANK Senior Vice President Randolph L. Montesa and MULTISYS e-Government Head Lyka Pelonio.
“The integration of LANDBANKPay and the Smart City App will help boost LGU collection rates and generate operational cost savings in the long run. More importantly, we will be providing greater convenience and security to residents when settling local government fees,” said LANDBANK President and CEO Borromeo.
MULTISYS President and CEO Almirol said that the Smart City App is now being utilized in 75 LGUs nationwide, with the firm set to expand its deployment this year.
The MOA also covers the integration of the LANDBANKPay with other similar applications that the MULTISYS may develop in the future, wherein the LANDBANK app will function as the primary electronic wallet of the MULTISYS-developed applications.
“We believe that this initiative is very vital not only on a local scale but also on a national scale. And we know that LANDBANK is our key partner to really accomplish this,” said MULTISYS President and CEO Almirol.
LANDBANK’s partnership with MULTISYS builds on its broader thrust of serving the nation through the delivery of innovative financial products and services powered by digital banking platforms.
From January to March 2022, LANDBANK facilitated a total of 39.14 million transactions amounting to P567.61 billion through its major digital banking channels. (LANDBANK)
