LANDBANK digital transactions grow in terms of value, volume

By: Business World
Source: businessworld

DIGITAL TRANSACTIONS coursed through Land Bank of the Philippines (LANDBANK) grew by 126% year on year in terms of value and by 14% in volume, it said on Tuesday.

The state-run bank said in a statement on Tuesday that the total value of transactions done through its digital channels rose to P5.6 trillion from P2.45 trillion in 2021.

Transaction volume likewise grew to 155.8 million in 2022 from 136.3 million the year prior.

LANDBANK said the increase came as it continued to ramp up its digital banking services.

“LANDBANK’s digital channels continue to service the growing customer demand for contactless financial transactions. We are driven to support our expanding retail customer base, to deliver convenient and responsive services to more customers nationwide,” LANDBANK President and Chief Executive Officer Cecilia C. Borromeo said.

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