30.6 C
Philippines
Friday, May 24, 2024

9:37 PM

30.6 C
Philippines
Friday, May 24, 2024

9:37 PM

SEC now accepts Gcash payment among others, says SEC-CDOEO

CAGAYAN DE ORO CITY (PIA)–The Securities and Exchange Commission (SEC) continues to add new options for its online payment system, making payment for registration and transaction fees faster and more convenient for the public.

Clients can now use their GCash payment wallets to settle registration and other transaction fees, as well as penalties, with the Commission, through the Electronic System for Payments to the SEC (eSPAYSEC).

The SEC Cagayan de Oro Extension Office (SEC-CDOEO) also ensures its clients that these updates are made available and accepted in the EO.

The transacting public may access the eSPAYSEC through the Commission’s website at https://espaysec.sec.gov.ph/payment-portal/home

To use GCash for payments, clients only need to enter the reference number provided in the Payment Assessment Form issued by the SEC, select GCash as their payment option, then provide the required information. Each transaction charges a minimal convenience fee of P10. 

Other online payment channels that are accepted by eSPAYSEC include debit and credit cards powered by Visa, Mastercard and JCB, as well as PayMaya wallets.

“It has only been a year since we rolled out the eSPAYSEC, but it has already become a preferred payment option for the transacting public because of the convenience and security it offers,” SEC Chairperson Emilio B. Aquino said. 

He added that this is proof of the public’s readiness to adapt to digital solutions when they are available, and strengthens the Commission’s commitment to its digital transformation initiatives to improve the ease of doing business for Filipinos.

Launched in March 1, 2021, the eSPAYSEC is a web-based system that allows for the payment of fees and penalties to the Commission online using debit and credit cards, digital wallets, and other cashless payment options.

The online payment portal has since accepted payments for fees and penalties amounting to P202.32 million from a total of 29,565 transactions, as of June 8, 2022. Of the total amount, P99.57 million was recorded in 2022, bound to surpass the P102.75 million collected online in 2021.  

“This is a milestone for us considering that GCash is undeniably common to people today and is a very convenient platform for our clients who would like to pay their transactions through GCash” said Lawyer Frederick A. Enopia, director for SEC-CDOEO.

Enopia also added that clients should print out their GCash receipt since it will be required as attachment to their application as proof of payment.

It should be noted as well that the EO still accepts over-the-counter payments in case the client opts to pay in cash. (SEC-CDOEO/PIA-10)