THE Land Transportation Office (LTO) has reached the P4-billion mark for its online payment collection for the initial registration of motor vehicles and motorcycles as of April 2022, according to LTO National Capital Region-West (LTO-NCR West) Director Atty. Clarence V. Guinto.
To celebrate this milestone, the LTO held an event Thursday, April 21, 2022, in Quezon City, and recognized the efforts of its partners.
The said event was attended by LTO Chief Asec. Edgar Galvante, Dir. Guinto, and other LTO executives.
LTO’s partners from the public and private sectors also attended and witnessed the event.
The agency also awarded motor vehicle-dealing companies with the highest volume of online payment transactions.
According to Guinto, the implementation of the LTO Payment Assessment Tool (LTO PAT) together with the Land Bank of the Philippines’ (LBP) electronic Payment Portal System (ePPS) provides a fast and efficient payment alternative to LTO clients as the agency seeks to modernize its payment facilities.
Guinto added that the online payment option helps strengthen the integrity and accountability of LTO’s cash management system.
The LTO PAT was developed by a Filipino Information Technology (IT) company, STRADCOM.
STRADCOM is LTO’s long-time technology partner and the proponent of the multi-billion LTO IT-System, which automated LTO’s core processes.
The LTO PAT was piloted in LTO-NCR in October 2018 and was a concrete step in introducing online payments in LTO.
It was also aimed at streamlining the processes of new motor vehicle registration, reducing it from the usual three to seven days.
The initiative reaped recognition and positive comments from the public.
Guinto also lauded STRADCOM for being a committed and reliable partner in achieving LTO’s endeavors.
Over 300 motor vehicle-dealing companies have been using LTO PAT – online payment nationwide, Guinto said.
STRADCOM spokesperson Lorie Bundoc said the IT firm is privileged to be LTO’s partner in ushering in the new era of public service through online service initiatives.
Bundoc added that STRADCOM is one with the LTO in achieving its goal of expanding the services of LTO PAT to include more payment options, cover additional processes, and reach more clients.
The online payment initiative was made in compliance with Republic Act 11032, also known as the Ease of Doing Business and Efficient Government Service Delivery Act of 2018, which aims to reduce processing time, cut bureaucratic red tape, and eliminate corrupt practices.