LANDBANK has stopped charging fees on select online government payments to make services more accessible and bring more Filipinos into the digital financial ecosystem.
In a statement Monday, the state-owned financial institution said there would be zero fees on eligible person-to-government (P2G) transactions made through QRPh-enabled payment platforms from June 1 until Dec. 31 this year.
“This supports our broader goal of advancing financial inclusion and delivering services that are more responsive to the needs of the public,” LandBank President and CEO Lynette Ortiz said.
Last month, the bank slashed fees for person-to-person fund transfers through its Mobile Banking App and iAccess platform from P15 to P8, with one free InstaPay transfer daily for transactions of P1,000 and below.
The fee waiver aligns with the government’s Unified Package for Livelihoods, Industry, Food and Transport (Uplift) Program, which seeks to help cushion the impact of economic headwinds on Filipinos and expand access to affordable financial services, Ortiz said.
Other payment channels remain subject to existing fees while charges imposed separately by merchants or service providers, where applicable, will continue to apply.
The waiver applies to transactions completed through three QRPh-enabled channels: payments through the bank’s Link.BizPortal using the QRPh option, QRPh standees deployed at participating government institutions and government agency websites that use the Link.BizPortal via QRPh as a payment facility.
It also covers payments to select national government agencies, government-owned and controlled corporations, local government units, water districts and state universities and colleges.
It includes payments to various government services and obligations such as police clearances, real property taxes, business permits, apostille certificates and other government dues.
“Transacting with government agencies online is now more affordable. This initiative is part of our continuous efforts to bring government services closer to the people,” Finance Secretary and LandBank chairman Frederick Go said.
