PayMaya said it will also be soon enabling the BIR with a capability to accept payments from PayMaya users using only their mobile numbers through the BIR website, as well as a facility to allow Filipinos to pay taxes using any credit, debit, or prepaid card.
BSP Center for Learning and Inclusion Advocacy managing director Pia Bernadette Roman-Tayag said fintechs are helping people in their everyday lives, there is a need to “look past the hype and constantly discern whether they have the real potential to solve financial inclusion problems and the real pain points that lead to inclusion.”
The electronics sector comprised of 56.9% of total exports, with non-electronic products making up the remaining 43.1% at $30.3 billion, according to the Department of Trade and Industry (DTI).
By 2022, the industry is expected to generate revenues around $29 billion to $32 billion while full-time employees will increase to about 1.42 million to 1.57 million.
The findings were based on an analysis of 474 million samples collected from 474,000 users in both urban and non-urban areas across the country over a six-month period in 2019.
DICT secretary Gregorio B. Honasan II called a closed-door discussion with the executives of Dito Telecommunity in view of the impending July 2020 government-mandated deadline for the initial commitments of the country’s third major telecommunications player.
PayMaya will power Valenzuela’s Paspas Permit, the country’s first end-to-end online business permit application system that allows business owners to secure their provisionary business permits within 10 seconds after confirmation of their payment.
The Securities and Exchange Commission (SEC) has ordered three firms -- Peso Tree, Pesoalo, and Pinoy Cash Loan -- to stop offering loans to the public through their online platforms because they lacked the necessary licenses.
