LandBank Digital Banking Reaches 1M Accounts

Due to the coronavirus disease 2019 (COVID-19) pandemic, more people are encouraged to shift digital banking for efficient and safer banking transaction, thus, LandBank already breached it’s 1 million mark.

LandBank has now 1,039,926 accounts to date and 492, 156 of those were opened between the January and September.

11,972 accounts were also opened through the all-digital Overseas Filipino Bank (OFBank).

OFBank launched last June and it allows Overseas Filipino Workers (OFWs) to access digital banking conviently. P100 million worth of transactions were also made through OFBank.

“It proves that Filipinos are responsive to the improvements and innovations that we implement,” said Cecilia Borromeo, LandBank President and Chief Executive.

OFBank also allows mre OFWs to open accounts to “generate more volume by yearend.” (MLC)