Use your Visa and get the chance to witness greatness at the Olympic Games Tokyo 2020! Spend at least P3,000 with your Visa at participating SM Supermalls until February 15, 2020 for a chance to witness greatness at the Olympic Games Tokyo 2020, courtesy of Visa. Merchant Terms & Conditions 1. Promo runs from November 11, 2019 to February 15, 2020. 2. Shop and dine at participating SM Supermalls using your Visa debit, credit, or prepaid card and get a chance to win 1 out of 4 trips for two to Tokyo for the 2020 Olympics. Each winner will receive: i. Round-trip Economy Flight for Two (2) to Tokyo, Japan ii. 3 nights’ hotel accommodation (4-star) at the Intercontinental Tokyo Bay iii. Airport Transfers in Tokyo iv. Daily Breakfast v. 2 Olympic Events (skateboarding and basketball) vi. Transportation to/from Olympic events and activities vii. Group Activity viii. Visa Prepaid Product - $300 USD Value per package ix. Guest amenity/ gift - $400 USD Value per package x. Access to the Visa Everywhere Lounge (offsite) xi. Visa Concierge located at the hotel + Visa event support staff Merchant Offers Resource Center Content Downloaded On: November 26, 2019 01:39 2 Exclusions include but are not limited to: train, car, taxi, or other travel costs aside from above mentioned; any meal, event and/or activity outside of program schedule including transportation; translation services; athlete appearances; guest travel insurance, any applicable taxes; tourist entry visas and passports; hotel incidentals (e.g. phone, mini-bar, laundry, etc) 3. Receive 1 raffle entry for every PHP 3,000 presented in single or accumulated receipts. Triple your chances of winning when you purchase at an SM affiliate. Customer will not be allowed to combine receipts between affiliate and non-affiliate to triple raffle entry. *Receipt for bills payment and services not included in raffle entries. 4. Also get a chance to win 1 out of 200 Visa Olympics merchandise when you exclusively purchase at an SM affiliate. 5. Participating affiliates are: The SM Store, Ace Hardware/ Ace Builders, Our Home, Toy Kingdom, Pet Express, Kultura, Surplus Shop, Sports Central, Adidas/Nike Shop/ New Balance, Levi’s Mall, The Body Shop, Crocs, Miniso, Bata, Under Armour, Innisfree, Dyson, Crate & Barrel, Baby Company, Joseph, CK Platinum. 6. Fill out the e-raffle with complete name, age, address, contact number, first digit and last 4 numbers on credit card in SM-Visa raffle booths located in SM Aura Premier, SM Megamall, the Podium, SM North EDSA, SM Mall of Asia, SM Southmall, and SM Seaside City Cebu. Deadline of submission of entries is on February 15,2020 at 10 PM or mall’s closing hours. 7. Customer must be 18 years old or older to join the promo. 8. Raffle draw will be held on February 27, 2020, Thursday at SM Aura Premier’s Admin Office, 6:00 PM. A DTI representative will be invited to witness the raffle draw. All drawn winning accounts shall be validated; in case any information is incorrect, the entry will be disqualified. Prizes may be claimed until April 26, 2020 or 60 days from receipt of notification. i. Winners can only be drawn once. In case a name was drawn more than once, he/she will get the prize of higher value. ii. Passport should be valid at least six (6) months before the travel date. iii. All out-of-pocket expenses are the responsibility of the individual prize winner and, where applicable, their nominated guest. iv. Participants shall be solely responsible for travel documents, visa, and any taxes or duties payable by them as a result of participation in the promotion or winning or using the prize. v. SM Supermalls and Visa reserve the right to verify the eligibility of the winning entry. That is, the winner’s Visa card account must be active and in good standing for the duration of the raffle draw and the 60-day redemption period. 9. Winners will be notified via phone call through contact details given, and announced via social media sites of participating SM Supermalls. Winners will be given sixty (60) days from receipt of notification to claim the prize. After the 60-day claiming period, unclaimed prize will be forfeited in favour of SMM Supermalls’ participating malls with prior approval of DTI. i. Upon claiming his/her prize, winner must present registered mail, two (2) valid forms of identification or government-issued I.D. (any of the following: Driver’s License, SSS I.D, Passport, Birth Certificate, TIN). ii. Winner must present his/her winning VISA credit card upon claiming his/her prize. iii. Requirement of winner’s representative in claiming the prize – an authorization letter from the winner, winner’s registered mail, winning claim stub, photocopy of winner’s VISA credit card and valid identification (Passport, Driver’s License or SSS I.D. of both the winner and his/her representative). The winner’s representative must also present original copies of the same Merchant Offers Resource Center Content Downloaded On: November 26, 2019 01:39 3 required valid forms of identification and a copy of the winner’s TIN. iv. Prizes can be claimed at the respective Admin Office of the participating mall where purchase was made, between 4:00PM to 7:00PM only, Mondays to Saturdays. v. Winner will shoulder the 20% Prize Tax for prizes exceeding PHP 10,000.00 vi. The prize is transferable but not convertible to cash or any other item. Prize may be transferred to the winner’s nominated recipient who is able to satisfy the requirements for the claiming of prize. vii. All participating malls and VISA reserve the right to disclose and publish name, photos and other information of the winner in any mode or manner, as relevant to the Promotion, in any mode or manner as they may deem appropriate. viii. SM Supermalls and Visa reserve the right to disclose and publish name, photos and other information of the winner in any mode or manner, as relevant to the Promotion, in any mode or manner as they may deem appropriate. ix. Employees, Management and Board of Directors of Shopping Center Management Corp. and VISA and its accredited advertising agencies and their relatives up to 2nd degree of consanguinity or affinity are disqualified from participating in the promotion. x. The promo organizer’s decision with regards to the Promo Mechanics, winners and prizes, with the concurrence of DTI, is final. xi. By participating in the promotion and/or accecpting the prizes, the promotion cardholder agrees to hold Visa and SM free and harmless from any loss, injury, or damage caused by or arising from his/her participating in the promotion or caused by or arising from his/her acceptance in the promo. DTI Fair Trade Permit No. FTEB-20477, Series of 2019
READ MOREIn line with bringing banking services closer to unbanked and underserved areas in the country, the Land Bank of the Philippines (LANDBANK) will officially inaugurate two new branches in Pangasinan—one in the Municipality of Umingan and the other in the Municipality of Mangatarem. LANDBANK is the first and only commercial Bank in Umingan serving a total of 79 barangays from the municipality and nearby San Quintin. The Mangatarem Branch serves clients from 82 barangays in the 1st class municipality, including 37 combined barangays from the neigboring municipalities of Aguilar and Urbiztondo. “LANDBANK’s continuous expansion in Pangasinan is a manifestation of our commitment to deliver innovative banking and financial services to Pangasinenses. This also forms part of our aggressive efforts to promote inclusive growth in the countryside, especially to farmers and fishers,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK now has a total of 12 major touchpoints in Pangasinan, with the two new branches joining those in Alaminos, Binalonan, Calasiao, Carmen, Dagupan, Lingayen, Mangaldan, San Carlos, Tayug, and Urdaneta. Both the Mangatarem and Umingan Branches had their soft openings last year, and will be inaugurated on March 5 and March 6, respectively. Network Expansion LANDBANK has 409 branches and extension offices, with 15 new branches to open this year, 8 of which will be in Mindanao. As of December 31, 2019, LANDBANK also has 2,195 Automated Teller Machines (ATMs) in 519 municipalities nationwide—63 of which are classified as unbanked areas—with 160 Cash Deposit Machines (CDMs). This year, an additional 150 new ATMs and 50 CDMs will be put-up. Meanwhile, the establishment of the Quirino and Lanao Lending Centers last year gives LANDBANK a total of 46 provincial lending centers nationwide, with eight more to be established this year. The Bank has 686 Point-of-Sale (POS) cash-out machines as of end-2019, which will be increased by 80 new terminals to be installed this year. LANDBANK also introduced the Agent Banking Program last year, and partnered with client cooperatives, associations, SMEs, and private entities to help provide basic banking services to far-flung areas. As of December 2019, 15 agent partners were accredited, operating in 13 unbanked municipalities and 6 areas previously without LANDBANK presence. The Bank is looking at onboarding 16 new agent banking partners this year to extend its reach and serve more unbanked and underserved areas.
READ MOREThe Land Bank of the Philippines (LANDBANK) is urging its valued clients to utilize the Bank’s electronic and digital platforms to serve banking needs while the country is under a state of calamity due to the coronavirus disease (COVID-19) pandemic. “During these challenging times, the health of our customers has become our number one priority. We urge everyone to use LANDBANK’s digital and online banking services in the safety of their homes as much as possible, instead of physically visiting our Branches,” LANDBANK President and CEO Cecilia C. Borromeo said. President Borromeo strongly encourages the use of the LANDBANK Visa Debit Card and LANDBANK Mastercard Credit Card to make cashless payments at merchants accepting Visa and Mastercard. Likewise, the general public is urged to utilize LANDBANK’s 2,196 ATMs and 159 Cash Deposit Machines nationwide as of March 15, including online and electronic channels to access secure and convenient banking services. These channels include the LANDBANK Mobile Banking App, iAccess, WeAccess, Electronic Tax Payment System and Phone Access, which offer a wide array of services such as viewing of account balance, viewing of transaction history, and transferring of funds, among others. LANDBANK is also one of the first banks in the country to adopt the national QR standard in its Mobile Banking App, which facilitates faster and seamless person-to-person (P2P) fund transfers with greater ease and convenience. Through LANDBANK’s Link.BizPortal, clients can also pay for products and services via the internet from 700-enrolled private merchants and government institutions. This includes the payment of income tax returns (ITR) which are to be properly filed to the Bureau of Internal Revenue (BIR) by April 15, 2020. Continued Branch Operations Several LANDBANK Branches in the NCR and Luzon, as well as in Visayas and Mindanao, will remain open and continue banking operations from 9:00 AM to 2:00 PM starting March 18, 2020. While complying with the Enhanced Community Quarantine and the Stringent Social Distancing Measures over the entire Luzon, LANDBANK employees in the Head Office and selected branches are reporting for work as skeletal force to ensure that there will be no disruption in the delivery of the Bank’s services. Moreover, LANDBANK has started implementing safety health measures in its branches and offices nationwide, in line with upholding public health while continuing to serve banking needs. This forms part of LANDBANK’s Business Continuity Management (BCM) protocols, which have been activated to help prevent the spread of COVID-19 while maintaining normal banking operations. “LANDBANK is implementing these measures to ensure the health and safety of our customers and employees, which are of utmost importance at this time. Rest assured that as we exert efforts to protect public health, we will continue to provide reliable and accessible banking services,” President Borromeo added. Safety Health Measures LANDBANK Branches are now carrying out screening procedures for clients, which include temperature checks and provision of hand disinfectants prior to entry. Those with temperature readings of 38°C and above will not be allowed to enter the Bank. Social distancing is also promoted by limiting the number of customers on seating capacity inside the branch premises at any given time. For more updates and client advisories, including the availability of LANDBANK Branches nationwide, please make sure to follow, like, and share the official LANDBANK social media accounts—for Facebook and Instagram: @landbankofficial, and for Twitter: @LBP_Official, and the LANDBANK website: www.landbank.com.
READ MORETo support families and communities severely affected by the COVID-19 pandemic, the Land Bank of the Philippines (LANDBANK) has started releasing cash grants totaling P16,347,295,950.00 to P3,721,826 Conditional Cash Tansfer (CCT) household-beneficiaries nationwide through the national government's Social Amelioration Program (SAP) intended for the purchase of basic food, medicine, and toiletries. Of the P16.34 billion total amount, P6.05 billion has already been credited to their LANDBANK Cash Cards Friday (April 3, 2020) for 1.19 million beneficiaries covering NCR, CAR, Regions I, II, III, IV-A, and ARMM. Meanwhile, LANDBANK will credit P5.26 billion-worth of cash grants on Saturday (April 4, 2020) for 1.29 million beneficiaries in Regions IV-B, V, VI, VII and IX, while the remaining balance of P5.01 billion cash grants will be released on Sunday (April 5, 2020) to 1.23 million beneficiaries in Regions VIII, X, XI, XII, CARAGA and all other regions. “We want to ensure that social protection programs reach our most vulnerable sectors during this crisis the soonest time possible. Through our LANDBANK Cash Cards, we are delivering financial assistance in an immediate, safe, secure, and convenient manner,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK’s release of the cash grants is in support of Joint Memorandum Circular No. 1, Series of 2020, which specifies the guidelines for the provision of social amelioration measures by the Department of Social Welfare and Development (DSWD), Department of Labor and Employment (DOLE), Department of Trade and Industry (DTI), Department of Agriculture (DA), Department of Finance (DOF), Department of Budget and Management (DBM), and Department of the Interior and Local Government (DILG) to the most affected residents of the current national health and economic emergency. The provision of SAP forms part of Republic Act No. 11469 or the “Bayanihan to Heal as One” Act, which greenlights urgent measures to combat COVID-19. The beneficiaries may withdraw from the 2,196 LANDBANK ATMs available nationwide, and the more than 20,000 ATMs of Bancnet-member banks free of charge. They may also use their LANDBANK Cash Cards to purchase goods from groceries and drugstores or withdraw money from LANDBANK's partner Cash-out Agents. For more updates, please follow, like, and share the official LANDBANK social media accounts—for Facebook and Instagram: @landbankofficial, and for Twitter: @LBP_Official, and the LANDBANK website: www.landbank.com.
READ MOREIn partnership with the Department of Labor and Employment (DOLE), the Land Bank of the Philippines (LANDBANK) will distribute a total of P1.2 billion-worth of financial assistance to 250,000 workers under the COVID-19 Adjustment Measures Program (CAMP). The CAMP program supports workers affected by the adverse economic impacts brought about by the COVID-19 pandemic and forms part of the government’s Social Amelioration Program (SAP). Based on submissions received by DOLE from 2,773 private companies, LANDBANK will release a one-time financial aid of P5,000.00 each to an initial batch of 250,000 worker-beneficiaries—majority of which are based in the National Capital Region (NCR). Through the LANDBANK Remittance System (LBRS)/PESONet Facility, the financial assistance will be directly credited to workers’ existing LANDBANK account, other bank accounts, or through remittance partner Palawan Express for those without a deposit account. LANDBANK is waiving all fees and charges for the cash grant. “We understand how our workers, regardless of their employment status, are experiencing reduced incomes brought about by this health and economic adversity. Rest assured that together with DOLE, LANDBANK is committed to provide immediate financial access to our workers and their families during this critical time,” LANDBANK President and CEO Cecilia C. Borromeo said. Under the social amelioration interventions of Republic Act No. 11469 or the “Bayanihan to Heal as One Act,” LANDBANK serves as partner of government agencies in delivering social protection programs to households most affected by the COVID-19 pandemic. For more updates, please follow, like, and share the official LANDBANK social media accounts—for Facebook and Instagram: @landbankofficial, and for Twitter: @LBP_Official, and the LANDBANK website: www.landbank.com.
READ MOREThe electronic banking platforms of Land Bank of the Philippines (LANDBANK) registered a significant utilization jump in the month of March 2020 when the enhanced community quarantine (ECQ) against COVID-19 was first implemented in Luzon. LANDBANK’s five major electronic channels recorded a 57.7% increase in volume of transactions facilitated as of end-March from end-February 2020. "Due to the COVID-19 pandemic, we are seeing an increased demand for LANDBANK’s electronic and digital financial services. LANDBANK remains committed towards serving our clients’ growing needs through innovative, accessible, and safe banking solutions, even during the ECQ period,” LANDBANK President and CEO Cecilia C. Borromeo said. The LANDBANK Electronic Modified Disbursement System (eMDS) for national government agency partners posted the highest utilization upsurge as of March, as volume of transactions grew by 94% from the previous month. The LANDBANK I-Access, which provides individual retail clients 24/7 online banking services, saw transactions rise by 52% as of end-March from end-February. Meanwhile, the LANDBANK We-Access, which caters to online banking needs of corporate clients, posted 62% more transactions as of March from the previous month. Providing convenient banking through smartphones, the LANDBANK Mobile Banking App also posted a 61% rise in transactions as of end-March from end-February totals. Finally, the LinkBiZ Portal, LANDBANK’s online payment platform, facilitated 23% more transactions as of end-March over end-February. LBP President Borromeo continued to urge everyone to utilize LANDBANK’s digital and online banking services in the safety of their homes and make cashless payments as much as possible during this time. But with the greater use of e-banking channels, LANDBANK also advises its clients to remain vigilant against the increasing incidents of phishing and vishing (voice phishing)—an attempt to obtain a user’s username, password, savings account or credit card details by pretending to represent a legitimate website or recognized institution, either via online/email or over the telephone. To avoid becoming a phishing/vishing victim, LANDBANK clients are advised to check the URL carefully and not to open suspicious emails, links and attachments, especially from unknown senders. Likewise, it is important not to share username or log-in ID, password, card number, card expiry date, credit verification value (CVV), and one-time personal identification number (OTP) to unauthorized entities. LANDBANK will never ask for critical financial information of its clients over the telephone. For more updates, please follow, like, and share the official LANDBANK social media accounts—for Facebook and Instagram: @landbankofficial, and for Twitter: @LBP_Official, and the LANDBANK website: www.landbank.com.
READ MOREThe Land Bank of the Philippines (LANDBANK) has paid out over P308 million to over 60,000 farmer-beneficiaries listed under the Department of Agriculture’s Financial Subsidy to Rice Farmers (FSRF) initiative. LANDBANK said that as of April 22, a total of 61,564 rice farmers across 26 provinces have received financial assistance from this program. These farmers were largely affected by quarantine measures due to the COVID-19 pandemic. Small rice farmers tilling farms with an area of one hectare or less received P5,000 each through the existing LANDBANK SURE Aid (Expanded Survival and Recovery Assistance Program for Rice Farmers) and RFFA (Rice Farmer Financial Assistance) Cash Cards. LANDBANK is also preparing to release cash grants to more rice farmers covering 34 provinces nationwide pending the list of additional beneficiaries from DA. Farmer-beneficiaries will claim the cash subsidy over-the-counter from designated LANDBANK Branches. “We are in close coordination with the DA to supplement the income of our small rice farmers and their families the soonest possible time. This forms part of LANDBANK’s intensified support to the agriculture sector, which belongs to the most vulnerable sectors during this COVID-19 crisis,” said LANDBANK President Cecilia C. Borromeo. LANDBANK’s financial aid distribution is in support of the Social Amelioration Program (SAP) of the government for the implementation of Republic Act No. 11469 or the “Bayanihan to Heal as One Act.” For more updates, please refer to the official LANDBANK social media accounts on Facebook and Instagram (@landbankofficial) and on Twitter (@LBP_Official) or via the LANDBANK website (www.landbank.com).
READ MOREThe Land Bank of the Philippines (LANDBANK) is launching a new lending program to boost the capacity of private academic institutions to implement a ‘study now, pay later’ scheme for its students. Under the LANDBANK ACADEME (ACcess to Academic Development to Empower the Masses towards Endless Opportunities) Lending Program, LANDBANK has allotted a total program fund of P3-billion in credit support for private high schools, private technical and vocational education training institutions, as well as Higher Education Institutions (HEIs) such as colleges and universities, to provide continuing education to their students. The program offers ‘3-3-3’ features with a P3-billion-program fund in credit support, a very low fixed interest rate of only 3% per annum, and payable based on the maturity of the sub-promissory notes but not to exceed three (3) years. It forms part of LANDBANK’s social investment package to encourage students to pursue and finish their education. The LANDBANK ACADEME Lending Program is open to private/non-DepEd Junior/Senior High Schools with permit to operate by DepEd, as well as to private Technical-Vocational and Education Training (TVET) Institutions in partnership with and being regulated by the Technical Education and Skills Development Authority (TESDA). Eligible borrowers of the newly launched LANDBANK ACADEME Lending Program also include Private Higher Education Institutions (HEIs) such as Colleges and Universities with undergraduate programs authorized by Philippine Commission on Higher Education (CHED) and the HEIs are accredited by either any of the following: Philippine Accrediting Association of Schools, Colleges and Universities (PAASCU), Philippine Association of Colleges and Universities' Commission on Accreditation (PACUCOA), Association of Christian Schools, Colleges and Universities Accrediting Association Inc. (ACSCU-AAI) or Federation of Accrediting Agencies of the Philippines (FAAP). "Given the financial constraints brought about by the COVID-19 pandemic, LANDBANK is financing interventions to ensure that students will be able to enroll in school when classes finally resume. The LANDBANK ACADEME Lending Program supports the education sector in providing students greater access to quality education amid the health crisis we are all facing,” LANDBANK President and CEO Cecilia C. Borromeo said. The LANDBANK ACADEME Lending Program offers refinancing or rediscounting of promissory notes issued by the parents or benefactors of students for school loans. Eligible schools can borrow up to 70% of the sub-promissory notes on a per semester basis and subject further to a maximum amount based on the school’s net borrowing capacity. The loan will be released either in lump sum or staggered basis per semester, and will be directly credited to the deposit account maintained by the school with LANDBANK. The LANDBANK ACADEME Lending Program will be available until June 30, 2021. For details about the program’s features and application requirements, interested borrowers may contact the nearest open LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000. For more updates, please refer to the official LANDBANK Facebook and Instagram accounts (@landbankofficial) and Twitter (@LBP_Official) or the LANDBANK website (www.landbank.com). Click here for more information
READ MOREThe national government, spearheaded by the Department of Finance (DOF) and the Land Bank of the Philippines (LANDBANK), has launched the Overseas Filipino Bank (OFBank) as a digital-only, first branchless Philippine government bank that allows clients to complete banking transactions anytime and anywhere across the globe. The OFBank virtual launch today (June 29) was streamed live on the Facebook Pages of OFBank (@OFBank), and its parent bank, LANDBANK (@landbankofficial), and the LANDBANK YouTube Channel (/landbankofficial). The event was hosted online by TV personality Gretchen Ho. The virtual launch was made possible with the support of officials led by Finance Secretary Carlos G. Dominguez, OFBank Chair and LANDBANK President and CEO Cecilia C. Borromeo, OFBank President and CEO Leila C. Martin, Visa Country Manager for the Philippines and Guam Dan Wolbert, and the respective Board of Directors of OFBank and LANDBANK. “Despite the global health crisis besetting the country today, our government remains true to its commitment of upholding the welfare of all Filipinos abroad and their families. The launch of OFBank today as a digital-only, first branchless Philippine bank is a testament to this,” OFBank Chair Borromeo said. As a digital-only facility, the OFBank, a fully-owned subsidiary of LANDBANK, now utilizes Digital Onboarding System with Artificial Intelligence (DOBSAI) to facilitate real-time account opening via the OFBank’s Mobile Banking Application. The new digital account opening platform allows overseas Filipinos (OFs), overseas Filipino workers (OFWs) and their beneficiaries to securely and conveniently submit all requirements online. Opening an account using DOBSAI via the OFBank Mobile Banking App is safe and secure. The applicant will only need to take a “selfie” and the system will compare this photo with the photo in the valid identification (ID) card uploaded by the client. The app likewise has advanced encryption and security technology that protects sensitive information. There are three types of accounts available in OFBANK’s DOBSAI: the OFBank Visa Debit Card for OFs and OFWs, the OFBank Visa Debit Card for beneficiaries, and the OFBank Debit Card for beneficiaries below 18 years old. These are interest-bearing peso savings accounts with no minimum initial deposit and monthly average daily balance (ADB), as well as dormancy fee. To earn interest, the accounts need to have a daily balance of P500.00. The OFBank Visa Debit Card allows cardholders, specifically the beneficiaries of OFs and OFWs, to receive secure and convenient real-time fund transfers using Visa Direct, Visa’s real time payment solution through the 16-digit card number. “We’re extremely pleased to join our valued partner, OFBank in this launch to support OFWs, OFs and their beneficiaries. The reintroduction of OFBank as a digital-only, branchless Philippine bank is extremely timely when Filipinos are becoming more digital, and our research also shows that close to 80% of Filipinos are interested to use services from a digi-bank. We are glad to show our support to this community by enabling beneficiaries of OFWs and OFs to receive money in real-time by seamlessly and securely using the 16-digit OFBank Visa debit card, which they can also use to make face-to-face and online payments wherever Visa is accepted.” said Dan Wolbert, Visa Country Manager for the Philippines and Guam. OFBank account holders can use OFBank’s mobile facility to transfer funds to their beneficiaries’ OFBank and LANDBANK accounts, free of charge. Interbank fund transfers, on the other hand, are subject to a service fee of P25.00 per transaction via InstaPay and P15.00 per transaction via PesoNet. OFBank Online Channels The OFBank is also increasing its presence online to reach more Filipinos worldwide. In the virtual event today, the Bank likewise introduced its modified website – www.ofbank.com.ph. The newly redesigned site contains key information about OFBank, list of products and services, and answers on Frequently Asked Questions (FAQs) from the banking public, among others. As part of its efforts to be of greater service to its customers, the Bank also launched its official Facebook page – @OFBank. The OFBank believes that this is an effective tool to inform the public about the Bank’s latest developments and offerings since Facebook is one of the most used social media platforms by Filipinos across the world. The page will also be an additional channel through which client queries will be addressed. “As the OFBank becomes fully digital, we aim to better serve the banking and financing requirements of our kababayans abroad, as well as their families here in our country. Rest assured that OFBank will continuously work on providing safe, reliable and secure digital banking,” OFBank President and CEO Martin said.
READ MORE(1st row, left to right) DTI Secretary and CIAP Board Chairman Ramon M. Lopez, National Treasurer Rosalia V. de Leon, (2nd row, left to right) LANDBANK President and CEO Cecilia C. Borromeo, and PayMaya Philippines Founder and CEO Orlando B. Vea lead the virtual ceremonial signing of a quadripartite agreement on August 7, 2020 which mandates LANDBANK to facilitate the settlement of all CIAP’s online transactions, and the remittance of the payments to the Bureau of the Treasury (BTr). The Land Bank of the Philippines has been designated as settlement bank for online transactions of the Department of Trade and Industry - Construction Industry Authority of the Philippines (DTI-CIAP). LANDBANK will be working with DTI-CIAP, the Bureau of the Treasury (BTr), and PayMaya Philippines, Inc. to ensure the efficient settlement of online payments made by the DTI agency clients, and timely remittance of payments to the National Treasury. Under the agreement, LANDBANK will maintain a “BTr-CIAP-PayMaya Clearing Account” wherein all collections or payments accepted and deposited by PayMaya, as a collecting agent, will be credited via the weAccess facility of the Bank. All funds credited to the clearing account are then automatically credited to the BTR-Other Agency Mother Account at the end of the day during batch processing. The arrangement forms part of the quadripartite Memorandum of Agreement (MOA) signed by DTI Secretary and CIAP Board Chairman Ramon M. Lopez, National Treasurer Rosalia V. de Leon, LANDBANK President and CEO Cecilia C. Borromeo, and PayMaya Philippines Founder and CEO Orlando B. Vea on August 7, 2020. Also present during the event were DTI Undersecretary Ireneo V. Vizmonte, DTI Assistant Secretary Mary Jean T. Pacheco, LANDBANK Branch Banking Sector Executive Vice President Julio D. Climaco, Jr., LANDBANK South NCR Branches Group Senior Vice President Ramon R. Monteloyola, and LANDBANK Buendia Branch Vice President Virgilio C. Paranial. They were joined by Philippine Contractors Accreditation Board (PCAB) Chairman Pericles P. Dakay, PCAB Executive Director Atty. Herbert DG. Matienzo, Philippine Constructors Association President Wilfredo L. Decena, Philippine Domestic Construction Board and Philippine International Construction Board Executive Director Doris U. Gacho, United States Agency for International Development (USAID) Contracts Officer Representative Princess Shimmadar Manaois-Battung, and USAID Deliver Project Chief-of-Party Alexander Kitain. “LANDBANK will ensure the efficient settlement of transactions and the remittance of payments to the National Treasury. Our expanded partnership represents another step towards our shared goal of providing convenient, reliable, and efficient payment options to our stakeholders,” LANDBANK President and CEO Borromeo said. In 2018, LANDBANK and CIAP entered into an agreement for the utilization of the LANDBANK Link.BizPortal, which offers CIAP clients such as PCAB contractors, an alternative way to pay license and registration fees as well as other charges. As of June 2020, Link.BizPortal has facilitated a total of 2,682 transactions for CIAP amounting to P15.32 million.
READ MOREAs of Thu, April 24, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.25 | 56.75 |
| JPY | 0.389379 | 0.404772 |
| EUR | 63.075598 | 65.573405 |
| GBP | 73.815795 | 76.738916 |
| HKD | 7.22993 | 7.775431 |
As of Wed, April 23, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.557277 |
| Money Market Fund | 1.310499 |
| Money Market Plus Fund | 1.222999 |
| PERA Money Market Fund | 1.023529 |
| Medium-Term Bond Fund | 2.470284 |
| Bond Fund | 2.024201 |
| PERA Bond Fund | 1.198958 |
| Balanced Fund | 2.586074 |
| Growth Fund | 2.562272 |
| Alpha Equity Fund | 2.965405 |
| Blue Chip Equity Fund | 0.955259 |
| Equity Fund | 0.775159 |
| High Dividend Equity Fund | 1.007571 |
| US$ Money Market Fund | 1.431701 |
| Global $ Fund | 1.516504 |
