Sunday, August 19, 2018

DOTr-LTO, BTr, LBP Ink Deal for Nationwide Online Payment of LTO Transactions

Wazzup Pilipinas!

The Department of Transportation-Land Transportation Office (DOTr-LTO) today signed a Memorandum of Agreement (MOA) with the Bureau of Treasury (BTr) and the Land Bank of the Philippines (LBP) that expands the use of LBP’s online payment facility for LTO transactions in all its Regional Offices nationwide.
During the MOA Signing, LTO Assistant Secretary Edgar C. Galvante said, “With this MOA Signing, LTO clients all over the country will soon be able to transact business and/or pay their monetary obligations with the LTO using any of the web-based payment options being offered by LBP.”
“The online payment system eliminates several steps in the payment process. This and the lack of human intervention make payments faster, easier, more convenient, and less prone to error. More importantly, the system decreases the opportunity for corruption,” the LTO Chief added.
Asec. Galvante explained that, “Initially, the online payment portal will cater to new registration transactions, expanding the service of LBP to cover not only the NCR but all LTO Regional Offices. Later on, the facility will cater to all LTO transactions.”
For his part, DOTr Secretary Arthur Tugade said that this initiative is in line with the Duterte Administration’s thrust to streamline business processes in government.
“President Duterte’s directive was very clear— corruption must be stopped, and business processes must be streamlined so that we can provide comfort and convenience to the public. I am happy that LTO, the Bureau of Treasury, and Landbank are with us in making that happen,” Sec. Tugade said.
“Itong si Gen. Galvante at ang LTO, tahimik magtrabaho ngunit nag-dedeliver ng magandang resulta. Naresolba na natin at problema sa lisensya, at nagsimula na tayong mag-distribute ng plaka. Ngayon naman, ang payment sa LTO transactions sa lahat n rehiyon, magiging online na. Napakagandang development ho ito,” Tugade added.
It may be recalled that the LTO-National Capital Region(NCR) launched last June the use of LBP’s E-Payment Portal (EPP). LTO-NCR clients are now able to pay for new registration transactions using this facility. This was made possible through a MOA between the three (3) agencies which was signed last December 1, 2017.
Galvante said that the LTO-NCR has been gathering positive feedbacks from clients with regard to the ePP.
The success of the use of the LBP E-Payment Portal at the LTO-NCR, has made LTO more determined to pursue and expand online-based payment transactions.

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