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Global Automated Fare Collection System Market Dynamics, Trends, Revenue, Regional Segmented, Outloo
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Landbank to assist in bank account opening of nat’l ID registrants By TED CORDERO, GMA News
Published February 5, 2021 1:54pm State-owned Land Bank of the Philippines said Friday it has allotted more than P153 million for the hiring of over 1,000 service contract workers who will assist in the opening of bank accounts for unbanked national ID registrants. In a statement, Landbank said the service contract workers are now being deployed across various locations in the country. Citing data from the Philippine Statistics Authority, the bank said that of the 10.5 million initial registrants to the national ID system or PhilSys, more than 82% indicated that they do not have bank accounts.
MANILA, Feb. 5 The Land Bank of the Philippines (LANDBANK) has allotted more than P153 million for the hiring of over 1,000 service contract workers (SCWs) who are now being deployed to various locations across the country to assist in the opening of transaction accounts for unbanked national ID registrants.
LANDBANK president-CEO Cecilia Borromeo said facilitating the opening of bank accounts for registrants to the Philippine Identification System (PhilSys) will help ensure the speedy and efficient delivery of future government assistance programs to unbanked national ID holders.
Under this setup, the SCWs, who will augment LANDBANK s existing manpower, will co-locate with the Philippine Statistics Authority (PSA) in national ID registration centers not serviced by the bank’s Agent Banking Partners (ABPs), Borromeo said.
PCB Supports And Screws Global Market Report (2020-2027) Segmented by Type, Application and region (NA, EU, and etc )
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Jan. 22, 2021
In March, the Department of Transportation in the Philippines will test the use of credit and ATM cards for payment of fares. The pilot program will test a new system which will initially be conducted on selected modern jeepney routes, according to a report in PTC News.
A simulation using ATM and debit cards as a mode of cashless payment of jeepney, bus and train fares was conducted last December. Reviewing security and hacking concerns, the DOTr, was assured that the technology and security protocols in the platform could be regulated by the central bank.
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