The Department of Budget and Management (DBM) and the Land Bank of the Philippines (LANDBANK) have collaborated anew for the use of the LANDBANK Government Purchase Card (GPC) for the faster and more efficient means to pay for goods and services.
The LANDBANK GPC is a credit card that allows authorized DBM personnel to expedite payments for official expenses, by eliminating procurement lead-time and reducing administrative paperwork, costs and time in liquidating obligations to suppliers.
The GPC is designed to streamline payments for travel and representation; miscellaneous small-value purchases; hotel and lodging; computer software, services, and digital content; and fuel, automotive parts, and services, among others.
“LANDBANK will remain steadfast in our thrust to leverage digital solutions, as we continue to promote the adoption and reap the benefits of using digital payments. Together, let us accelerate the National Government’s digital transformation journey for improved governance, transparency, and service delivery,” said LANDBANK President and CEO Lynette V. Ortiz.
Budget Secretary Amenah F. Pangandaman and LANDBANK President Ortiz signed the Memorandum of Agreement (MOA) for the partnership on 03 August 2023, together with DBM Chief of Staff Leo Angelo M. Larcia and LANDBANK Senior Vice President Celeste A. Burgos as witnesses.
Also present during the signing were DBM Undersecretaries Wilford Will Wong, Maria Francesca del Rosario, and Goddes Hope Libiran, along with LANDBANK officers led by Executive Vice President Liduvino S. Geron, Senior Vice President Marilou L. Villafranca, and First Vice Presidents Cielito H. Lunaria and Vivian M. Cañonero.
“We thank LANDBANK for supporting us in our digital transformation initiative. Napakahalaga ng suporta na ibinibigay niyo para magtagumpay ang mga programa at proyekto ng gobyerno, tulad ng digitalization,” said Secretary Pangandaman.
In line with advancing efficiency and transparency, the GPC features pre-defined expenditure and credit limit; e-mail alerts for all GPC transactions; availability for online and cashless transactions via Point-of-Sale (POS); and monthly electronic statement of accounts.
The GPC Program is a joint initiative of the Bureau of the Treasury (BTr), DBM and LANDBANK which aims to promote a convenient, transparent and efficient payment process to further drive public digital financial management.
DBM is the third government agency to avail of the GPC, following the BTr and the Department of Finance (DOF).
From January to June 2023, LANDBANK has already facilitated 998 combined transactions for the DOF and BTr, with value amounting to P5.1 million.
LANDBANK is celebrating its 60th anniversary this month, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
