FIND US

LANDBANK disburses P717M cash aid to more than 110,000 PUV operators


November 25, 2020

The Land Bank of the Philippines (LANDBANK) has started releasing cash grants totaling P717,333,500 or P6,500 each to 110,359 Public Utility Vehicle (PUV) operators, composed of jeepney and bus operators nationwide, under the Cash Subsidy to PUV Operators Program of the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB).

Of the total amount disbursed, P716,826,500 was credited to the existing Pantawid Pasada Program (PPP) fuel cash card accounts of 110,281 Public Utility Jeepney (PUJ) operators on November 16, 2020. The remaining P507,000 was credited to the LANDBANK accounts of 78 Public Utility Bus (PUB) operators last November 17.

“LANDBANK, in partnership with the DOTr and LTFRB, made it possible to quickly and safely distribute the cash subsidies to jeepney and bus operators who are challenged by the pandemic. We will continuously work with the transportation department to distribute the remaining cash aid to other beneficiaries the soonest time possible,” said LANDBANK President and CEO Cecilia C. Borromeo.

The crediting of cash grants forms part of the Memorandum of Agreement (MOA) signed between LANDBANK, DOTr and LTFRB on October 12, 2020 for the distribution of one-time cash assistance to a total of 178,244 PUV operators through the PPP fuel cash cards, existing LANDBANK accounts, other bank accounts via InstaPay or PESONet, and over-the-counter payouts.

Total beneficiaries of the cash subsidy program include operators of 120,000 PUJs, 24,374 UV Express units, 21,998 PUBs, 10,188 Filcabs, 1,259 minibuses, and 425 premium Point-to-Point (P2P) buses who have been heavily affected with the suspension in public transportation operations and reduced ridership due to COVID-19 safety protocols.

The funds allocated for the program are part of the budget provided to the DOTr under Republic Act No. 11494 or the “Bayanihan to Recover As One Act.”

For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).


Other Stories

LANDBANK opens first Agri-Hub in Sta. Maria, Ilocos Sur

Department of Agriculture (DA) Secretary William Dar (5th from left), Sta. Maria Mayor Brigido Camarillo Jr. (6th from left), and LANDBANK North Luzon Branches Group Head, First Vice President Ma. Belma Turla (4th from left) lead the inauguration and opening of Sta. Maria Agri-Hub on January 16, 2021. Joining them are (left to right) DA Assistant Secretary Noel Reyes, LANDBANK Sta. Maria Agri-Hub Head Rene Domingo, Sta. Maria Vice Mayor Michael Florendo, Philippine Coconut Authority (PCA) Board Member Rosalina Bistoyong, LANDBANK Narvacan Branch Head Department Manager Marichu Dagdagan, and DA Region 1 Director Nestor Domenden. STA. MARIA, Ilocos Sur – The Land Bank of the Philippines (LANDBANK) officially opened its newest Agri-Hub in the municipality of Sta. Maria, Ilocos—the first in the province—on January 16, 2021. The LANDBANK Sta. Maria Agri-Hub is the 5th to open nationwide, along with four (4) newly opened Agri-Hubs in Calabanga, Camarines Sur; Barotac Viejo, Iloilo; Sual, Pangasinan, and Echague, Isabela. “The establishment of Agri-Hubs is a testament to LANDBANK’s continued commitment in bringing safe, secure, and convenient financial services to unbanked and underserved rice farming areas in the country. During these challenging times, LANDBANK remains steadfast in working together with the National Government to drive support for the agriculture sector, especially to small farmers and fishers,” said LANDBANK President and CEO Cecilia C. Borromeo. Department of Agriculture (DA) Secretary William Dar, Sta. Maria Mayor Brigido Camarillo Jr., and LANDBANK North Luzon Branches Group Head, First Vice President Ma. Belma Turla led the inauguration rites. They were joined by Sta. Maria Vice Mayor Michael Florendo, DA Assistant Secretary Noel Reyes, Philippine Coconut Authority (PCA) Board Member Rosalina Bistoyong, and DA Region 1 Director Nestor Domenden, together with LANDBANK Narvacan Branch Head Marichu Dagdagan and Sta. Maria Agri-Hub Head Rene Domingo. “A ‘one-stop-shop’ commercial bank is now here in Sta. Maria—providing banking, lending, agrarian services, and processing of agrarian reform bonds and rights. Ang dami pong mga serbisyo na very accessible sa kanayunan. This will make Sta. Maria again elevate itself because as we have commercial banks established, then more economic activities will flourish,” said DA Secretary Dar. The LANDBANK Sta. Maria Agri-Hub will provide financial and technical services to the Bank’s clients, especially to more than 10,000 farmers and fisherfolk in the municipalities of Sta. Maria, Burgos, and San Esteban. It will also offer LANDBANK’s various digital banking platforms, including the Digital Onboarding System (DOBS) which simplifies the account opening process for new clients to only 10-15 minutes. "With the establishment of the Sta. Maria Agri-Hub, I am certainly the happiest person in the world right now. As a pledge of support to this Agri-Hub, I went here yesterday to open my bank account. The municipality of Sta. Maria will continue to support LANDBANK,” said Mayor Camarillo.   LANDBANK’s Agri-Hubs are strategically located in the top rice-producing provinces in the country and designed to provide a wide array of services. This includes banking services such as account opening, withdrawals, and check encashments; lending services such as the processing of loan applications; and agrarian services such as processing of Agrarian Reform (AR) bonds and handling of agrarian-related concerns from landowners, bondholders, and AR Beneficiaries (ARBs). With the opening of LANDBANK Sta. Maria Agri-Hub, the state-run bank now operates 411 branches and 66 branch-lite units nationwide. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).

LEARN MORE

PSA, LANDBANK partner in PhilSys to deliver Nat'l IDs, bank accounts

In partnership with the Philippine Statistics Authority (PSA), state-run Land Bank of the Philippines (LANDBANK) continues to support the National Government’s agenda of financial inclusion by providing registrants of the Philippine Identification System (PhilSys) with their own transaction accounts. LANDBANK will be co-locating with the PSA in registration centers for the second step of the PhilSys registration, to allow registrants to open new transaction accounts and gain formal access to basic banking and other financial services. After the roll out of the first step of the PhilSys registration, PSA reported that more than 82% of more than 10.5 million registrants did not have transaction accounts. The Bank will be offering a LANDBANK Mastercard Prepaid Card to successful PhilSys step 2 registrants without any transaction account free-of-charge through LANDBANK account opening booths at designated co-location areas. With the LANDBANK Mastercard Prepaid Card, cardholders can cash-in, cash-out, and transfer funds at any LANDBANK Branch or Agent Banking Partner. They can also withdraw cash at ATMs and POS terminals, perform cashless transactions, tap payments, and shop online, as well as receive government subsidy digitally. "Our collaboration with PSA significantly advances our mutual thrust toward greater financial inclusion. Through LANDBANK accounts, we can reach and provide financial services and government support interventions to as many underserved and unbanked Filipinos nationwide," said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK has tapped cooperatives, associations, small and medium enterprises, and private entities as Agent Banking Partners to facilitate account application and Know-Your-Customer (KYC) activities at PhilSys registration areas. As of December 23, 2020, LANDBANK has also on-boarded 136 Local Government Units (LGUs) to assist in the data gathering for future account opening and provision of LANDBANK Cards for their unbanked constituents participating in the registration. The Bank will also procure the services of more than 1,000 Service Contract Workers (SCWs) to assist in customer on-boarding activities and ensure compliance to social distancing and health protocols. The PhilSys Program aims to provide Filipinos with valid proof of identity to simplify public and private transactions. It also aims to promote the seamless delivery of financial services and government support interventions to beneficiaries across the country.

LEARN MORE

LANDBANK unveils the Mastercard Prepaid Card for TES beneficiaries

(Top row, L-R) Philippine President Rodrigo Roa Duterte and House Speaker Lord Allan Jay Q. Velasco extend their congratulations during the virtual launch of the LANDBANK Mastercard Prepaid Card for the Tertiary Education Subsidy (TES) Program on January 15, 2021, led by (Bottom row, L-R) LANDBANK President and CEO Cecilia C. Borromeo, CHED and UniFAST Governing Board Chairman J. Prospero de Vera III, and UniFAST Executive Director Atty. Ryan L. Estevez. In partnership with the Commission on Higher Education (CHED) and the Unified Student Financial Assistance System for Tertiary Education (UniFAST), state-run Land Bank of the Philippines (LANDBANK) launched the LANDBANK Mastercard Prepaid Card (LMPC) for the Tertiary Education Subsidy (TES) Program on January 15, 2021. The LMPC is a general-purpose reloadable card for TES beneficiaries that functions as an electronic wallet and can be used as a debit or ATM card. Philippine President Rodrigo Roa Duterte and House Speaker Lord Allan Jay Q. Velasco extended their congratulations through recorded video messages during the launch. “The virtual holding of this ceremony is an affirmation of this administration’s unyielding commitment to make quality tertiary education more accessible for Filipino students, especially now that we are dealing with the COVID-19 pandemic,” President Duterte said. The virtual launch via Facebook Live was led by LANDBANK President and CEO Cecilia C. Borromeo, CHED and UNiFAST Governing Board Chairman J. Prospero de Vera III, and UniFAST Executive Director Atty. Ryan L. Estevez. President Borromeo announced that TES beneficiaries may withdraw their stipend using their LMPC through LANDBANK’s 2,320 ATMs and 411 branches nationwide. “We welcome this opportunity to provide efficient and secure banking services to student-beneficiaries. As your partner bank, we will ensure that the students will receive their monthly stipends in a timely, safe, and convenient manner,” President Borromeo said. Aside from accessibility and convenience, the LMPC also offers cashless payments, electronic funds transfers, and online account management, among others, as part of LANDBANK’s response to the growing demand of safer and digital financial solutions. Moreover, TES beneficiaries will also benefit from the other features of the LMPC such as 3DSecurity for secure online transactions, contactless “tap” payments, and reloading of funds at any LANDBANK branches or Agent Banking Partners across the country. “The LANDBANK Mastercard Prepaid Card that we are launching today will help ease the burden of our TES beneficiaries in receiving their TES amidst the restrictions of COVID-19,” said CHED Chairman De Vera. Also present during the virtual launch were Coordinating Council of Private Educational Associations Managing Director Atty. Joseph Noel M. Estrada, Association of Local Colleges and Universities UniFAST Commission Chairperson Dr. Elena E. Presnedi, and Philippine Association of State Universities and Colleges President Dr. Tirso A. Ronquillo. The TES Program is a joint venture among CHED, UniFAST, and LANDBANK that aims to prioritize support to more than 400,000 students from the poorest of the poor households. It also forms part of the implementation of Republic Act 10931 or the Universal Access to Quality Tertiary Education Act.

LEARN MORE