LandBank Digital Transactions Surge by 67% in 2024
Manila: State-owned Land Bank of the Philippines (LandBank) recorded a 67-percent surge in digital banking usage in 2024, with 162.28 million transactions from 97.08 million transactions in 2023. The digital transactions last year amounted to PHP3.38 trillion, 38 percent higher than the value in 2023 at PHP2.45 trillion, LandBank reported Monday. According to Philippines News Agency, LandBank President and Chief Executive Officer Lynette Ortiz emphasized the importance of digital banking for financial inclusion. “Digital banking is not just about convenience – it’s about inclusion. Through our digital banking channels, we are empowering every Filipino to take control of their finances.