LANDBANK UNVEILS PREPAID CARD FOR TES BENEFICIARIES
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.
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.
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,” she 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 for a 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. /
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. CECILIA BORROMEO Landbank President and CEO