Tarlac State University inked a partnership with the Land Bank of the Philippines (LBP) Tarlac Branch for a more secure, accessible digital payment system through the Campus Cash Lite program for students on Tuesday (June 30) at the TSU Main AVR.
Land Bank’s Campus Cash Lite offers financial literacy sessions, cybersecurity, financial inclusivity, and access to banking services.
According to First Vice President Anthony Evan Lluch, Group Head, Land Bank Central Luzon Branches Group, they are to conduct a financial literacy session before its official launching this month.
“We are committed to providing financial solutions that promote both financial and digital empowerment. Through cash lite campus initiatives, we envision a smarter, more connected campus environment,” FVP Lluch said in his message of commitment.
Land Bank also offers “Piso Accounts,” which are ideal for students’ use. Through these innovations, LBP will help the university promote a cashless campus and financial solutions to employees.
The partnership also opens internship opportunities to students, career opportunities, and accommodates qualified students in the Land Bank’s Student Training Program (STP).
The bank will also provide financial products and services like insurance, housing loans, and small business loans, among others.
“That mandate is ours, [and] the same conviction [is] written in two professions, where Landbank speaks of financial inclusion; we speak of educational inclusion,” University president Dr. Jasper Jay Mendoza said in his speech.
President Mendoza said the partnership with LBP is just another part of his pathway to inclusion (financial and educational inclusion) in the DALAN framework.
“As a person na maraming online transactions and digital subscriptions, as such, makakatulong ito dahil sobrang accessible ng Land Bank. Nakakatulong siya sa pagwi-withdraw ng pera sa mga allowances; and of course, as a student leader din, makaka-help din dahil yung mga allowances or prizes ng mga students ay pwede nang pumasok sa mga bank accounts nila,” Charles Wood, College of Arts and Social Sciences governor, told OPA.
Wood said they can incorporate online/QR payment when availing of their college merchandise with secured online banking. He said they were hesitant to accept online payments before because of fear of losing funds, encountering system glitches, and scam/ fraudulent work.
Photo by: John Michael D. Esteban together with Justine Kurt Cubacub, Josephine Marie Magday (OPA Interns)
