MANILA, Philippines – The Land Transport Bureau (LTO) hit the 4 billion peso mark for collecting online payments for the initial registration of motor vehicles and motorcycles in April, according to the West Regional Director of the LTO National Capital Region, Clarence Guinto.
The LTO previously hosted an event in Quezon City on April 21 to celebrate this milestone.
Guinto said the implementation of the LTO Payment Assessment Tool (PAT) and the Land Bank electronic payment gateway system provides a fast and efficient payment alternative for LTO customers.
He noted that the online payment option also helps strengthen the integrity and accountability of LTO’s cash management system.
The LTO PAT was developed by the Philippine information technology company Stradcom and was instrumental in the introduction of online payments to LTO. Piloted in the LTO-NCR in 2018, it also aims to streamline new motor vehicle registration processes, cutting them from the usual seven to three days.
Stradcom spokeswoman Lorie Bundoc said the IT company is committed to helping LTO achieve its goal of expanding LTO PAT services to include more payment options, cover additional processes and reach more customers.
The online payment initiative was in compliance with Republic Act No. 11032 or the Ease of Doing Business and Efficient Delivery of Government Services Act of 2018, which aims to reduce processing time for government transactions , reduce bureaucracy and eliminate corruption, according to OLT.
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