The newly developed SEC Payment Portal is a Web-based system that also allows for the payment of fees and penalties online using debit and credit cards, digital wallets, and other cashless payment options.
While SMEs are increasingly turning to digital technologies and online sales, the report said it is vital for governments to provide support and assistance during the transition.
The BOC said it reached its 100-percent accomplishment rate on fully automating its frontline services by allowing the online submission of documents through its Customer Care Portal System, upgrading its electronic-to-mobile (E2M) system to computerize manual processes, and accepting online payment options like PayMaya.
Foster believes that an increase in focus regarding the infrastructure within an organization today, is a must. In fact, the data sourced from IBM’s study entitled “COVID-19 and the Future of Business” revealed that six out of ten global C-suite executives accelerated the pace of digital transformations in their respective organizations.
According to Department of Trade and Industry (DTI) secretary Ramon Lopez, the year-to-date online business registration has now reached 80,000 from just 2,000 in the first quarter of the year.
