Broken down, the LANDBANK Mobile Banking App facilitated 123.6 million transactions valued at P227 billion. Transaction volume rose 19% year on year, while the total value jumped by 32%.
Its online retail banking channel iAccess also saw a 15% increase in transaction value to P17.7 billion.
Transactions coursed through the LANDBANK Link.BizPortal rose 49% to 5.8 million, with the total value also climbing 11% to P11.6 billion.
“The web-based payment facility also onboarded 314 new partners for a total of 1,136 merchants, of which 798 are from the public sector,” the lender added.
LANDBANK weAccess, which caters to corporate clients, saw transactions via the channel surge 540% in value to P3.13 trillion.
For National Government agency partners, the Electronic-Modified Disbursement System facilitated 2.5 million transactions, up 15% year on year. These were worth P2.1 trillion, rising by 22% from the year prior.
Lastly, the LANDBANK Bulk Credit System saw 1.8 million transactions amounting to P28.5 billion in 2022, rising by 1,526% and 697%, respectively, from the previous year.
LANDBANK said it targets to grow the value and volume of transactions done via its online banking channels by at least 60% this year.
The lender saw its net profit increase by 38.2% to P30.1 billion in 2022, surpassing its target of P25.71 billion and rising from the P21.7 billion recorded the year prior. — AMCS