MANILA, March 19 -- State-run Land Bank of the Philippines (LandBank) recorded a 42-percent growth in the value of digital transactions last year.

In a statement on Tuesday, LandBank said it facilitated a total of PHP8.8 trillion digital transactions in 2023 from PHP6.2 trillion in 2022.

The total volume of transactions facilitated through the bank's digital banking channels which include the mobile banking app, iAccess, weAccess, Link.BizPortal, i-Easy Padala, electronic tax payment system, electronic modified disbursement system, and LandBank Bulk Crediting System reached 92.9 million, up by 42 percent from the 62.6 million transactions recorded in 2022.

The i-Easy Padala, the bank's real time web-based remittance system for overseas...