Philippines Securities Commission Unveils Online Payment Portalby Fintech News Philippines March 2, 2021
The Philippines’ Securities and Exchange Commission (SEC) has launched its online payment system for companies to pay their registration fees.
The newly developed SEC Payment Portal is a web-based system that allows for the payment of registrations, transaction fees, and penalties using debit and credit cards, digital wallets and other cashless payment options.
To make their payments, clients need to enter the reference number provided in the Payment Assessment Form issued by the SEC, select a payment option, then provide the required information.
To ensure payments made through the SEC Payment Portal are secure, clients will receive a one-time pin to the mobile phone numbers linked to their bank accounts or digital wallets.
Once the payment goes through, the system will generate an electronic official receipt, which clients will receive through email.
The SEC Payment Portal currently accepts debit and credit cards powered by Visa, Mastercard and JCB, as well as PayMaya wallets. Other payment options will be available soon.
Meanwhile, the commission will continue to accept and process payments across its main, extension and satellite offices.
The transacting public may likewise pay registration and other transaction fees over the counter in select branches of Land Bank of the Philippines, and online through Land Bank’s e-Payment Portal.
“With the SEC Payment Portal, corporations and other stakeholders can conveniently and securely pay registration and other fees anytime and anywhere,”
SEC Chairperson Emilio B. Aquino said.
“The online payment system is just among the many initiatives under the Commission’s ongoing digital transformation aimed at further improving the ease of doing business in the country.”