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Saturday, April 20, 2024

LandBank integrates payment system into NCR’s single ticketing system

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Land Bank of the Philippines said Thursday it integrated its online payment facility into the Single Ticketing System of local government units in Metro Manila so that traffic violators may settle their fines and charges online.

The bank said motorists could now settle traffic fines and charges through the Link.BizPortal using their LandBank and Overseas Filipino Bank accounts and virtual accounts opened via LANDBANKPay—its all-in-one electronic wallet and payment solution.

Accounts with BancNet or PayGate participating banks and other e-wallets can also be utilized when transacting through the LandBank Link.BizPortal. The cash payment option is also available through cash and partner agents, including =agent banking partners.

The Link.BizPortal eliminates the need to go to the offices of the Metropolitan Manila Development Authority and apprehending LGUs for over-the-counter transactions, providing motorists with a safe and convenient option to settle traffic violations anytime and anywhere.

Prior to the pilot implementation of the Single Ticketing System in Metro Manila, LandBank has been facilitating the online collection of MMDA payments, fees and charges through the Link.BizPortal since June 2021.

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LandBAnk Link.BizPortal has recorded over 160 transactions amounting to P109,734 for the settlement of traffic violations and anti-littering penalties for MMDA as of April 30, 2023.

The pilot implementation of the Single Ticketing System covering the cities of Caloocan, Manila, Muntinlupa, Parañaque, San Juan, Valenzuela and Quezon City started on May 2, 2023.

The new system seeks to harmonize existing laws on traffic enforcement and management in Metro Manila, including standardizing the fines and penalties for common traffic violations and providing interconnectivity among government instrumentalities involved in transport and traffic management.

The MMDA is among the more than 1,230 government and private partner merchants in the LandBank Link.BizPortal, which allows customers to conveniently pay for products and services online. The portal also promotes transparency and efficiency by reducing opportunities for red-tape, corruption and other fraudulent practices.

LandBank supports the digitalization of the country’s payment systems and services towards building a cashless and inclusive society being promoted by the Bangko Sentral ng Pilipinas.

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