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October 02, 2023

Landbank, BSP pilot-tests EMV fare collection system with DOTr

The Banks want to provide contactless payment in public transport.

Land Bank of the Philippines (Landbank), along with the Department of Transportation and the Bangko Sentral ng Pilipinas, kicked off the pilot test on the usage of EMV-compliant cards for cashless payments in public transport. The “Automated Fare Collection System (AFCS) EMV Contactless Pilot Production Testing”, was kicked off in an event at the Parañaque Integrated Terminal Exchange (PITX) where the DOTr, Landbank, and the Bangko Sentral ng Pilipinas inked an agreement. Under the agreement, a test run will be conducted to test the use of the system to help the DOTr advance national standards for a cashless AFCS that can be used in all methods of transportation.

Landbank, alongside BSP and DOTr, inked a deal to test launch EMV-enabled payment systems in public transports.



PNB recognized during SSS’s 66th anniversary celebration

Philippine National Bank (PNB) has received two prestigious awards from the Social Security System (SSS) during the “Balikat ng Bayan” Awards (BBA) 2023 for their adherence to SSS requirements and their commitment to enhancing services for Filipino workers both in the country and abroad.

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