The SEC’s online payment portal has since accepted payments for fees and penalties amounting toP202.32 million from a total of 29,565 transactions, as of June 8, 2022.
The Bangko Sentral ng Pilipinas (BSP) and the Philippine Payments Management Inc., (PPMI) said they will launch “Bills Pay”, “Request to Pay”, and “Direct Debit” facilities.
The SC also approved the new procedural rules for first-level courts that allows notices to be served through mobile phone calls, SMS, or instant messaging software applications. Aside from Microsoft Teams, the rules also now allow the use of alternative platforms or instant messaging applications with video call features, under certain conditions.
The financial world could have fallen into total chaos had there been no online payment platform during the pandemic, according to a top executive of local operator Globe Telecom.
Following the MOA with UnionBank, the SC also invited other banks and e-payment service providers to submit their proposals to integrate their e-payment service with the Judiciary ePayment Solution.
Government officials and private sector leaders said during an online forum on Wednesday, October 28, that shifting to digital payments will bring economic growth and create a more inclusive Philippines.
BSP governor Benjamin Diokno said monetary authorities consider as a success the rise in e-payments during the ECQ because of the expansion in the volume and value of transactions.
The partnership brings a significant boost to DOST’s mission for OneSTore.ph to serve as a platform to expand the market of local MSMEs by allowing sellers on the site to be able to accept e-payments.
