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April 21, 2024

LandBank cuts transaction fees to boost accessibility and financial inclusion

LandBank of the Philippines (LandBank) has announced a reduction in transaction rates for fund transfers through InstaPay, with all transfers now subject to a fixed charge of P15.

The move aims to enhance the accessibility and affordability of digital banking solutions and support financial inclusion, according to Bankero, LandBank President and CEO Lynette Ortiz.

The bank’s mobile banking app and other digital platforms have facilitated transactions totaling P265.7 billion in the first quarter of 2023, aligning with the government’s financial inclusion agenda and LandBank’s commitment to serving the nation.