The Land Transportation Office (LTO) will begin offering cashless transactions starting February 1, 2015 to motorists renewing licenses, motor vehicles registration and settling fines.
Adopting this technology after realizing that the manual process of handling cash transactions per client increases overall waiting time, the LTO is the first government agency to offer cashless transactions.
Motorists dealing with the LTO will find new wireless machines that will accept payment using the client’s ATM and debit cards starting next month.
The agency also sees this as a way to curb ‘red tape’ making the entire process simple, safe and efficient.
“The new system will first serve at the main offices within the metropolis and will soon roll out to various satellite offices. Clients can still opt to pay in cash but those who wish to have a faster and more convenient transaction could accommodate this new system,” said LTO spokesman Jason Salvador.