State-owned Land Bank of the Philippines (LBP) on Monday launched its first inclusive banking center to allow cashless payment transactions at the main office of the Land Transportation Franchising Regulatory Board. LBP President and Chief Executive Officer Alex Buenaventura and LTFRB Chairman Martin Delgra 3rd signed a Memorandum of Agreement to formalize the pilot of the Landbank Inclusive Banking Center (LIBC). The LTFRB is the first government agency to benefit from the project. “The establishment of the LIBC at LTFRB will help streamline its processes for the ease and convenience of its payor-clients,” Buenaventura said. The bank’s president and CEO said he expects to serve more government agencies with the LIBC.

Source: Manila Times May 08, 2017 16:52 UTC