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Digital Banking: Union Bank of Philippines to Launch Fourth Virtual Bank in Southeast Asian Nation

Digital Banking: Union Bank of Philippines to Launch Fourth Virtual Bank in Southeast Asian Nation
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Landbank to assist in bank account opening of nat l ID registrants

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.

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