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Photo from BusinessWorld

Visa eyes increased e-payments in PHL

Visa Inc. is looking at increasing its presence in the Philippines’ unbanked sector by offering new and affordable means of cashless transactions, seen to boost the economy.

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Photo from USAID E-PESO

Zamboanga City Government, USAID, DBP launch online tax payment

THE Online Payment System for real property taxes in the Zamboanga City Government was formally launched on Tuesday, March 28.

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Banks and non-banks to establish PESO Net and InstaPay

Under the strong sponsorship of the BSP, the various industry players – both Banks and non-bank Electronic Money Issuers (EMIs) signed off on Friday, 31 March 2017 on the Charter of the Payment System Management Body (PSMB). Industry players also expressed their commitment to form within 2017 two priority Automated Clearing Houses (ACHs): the Batch Electronic Fund Transfer (EFT) Credit ACH to be called “PESO Net” and the Real Time Low Value Push ACH to be called “InstaPay.”

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cdo online payment portal copy
From Cagayan de Oro City Government website

CDO introduces online system for assessing and paying taxes

Taxpayers in Cagayan de Oro City can now pay property taxes and other government fees online by accessing the online tax billing and payment system on the city government’s official website (www.cagayandeoro.gov.ph).

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Bookkeeper Rosalinda Hernandez used to pay fees in cash but now uses electronic payments. But what are electronic payments and why are they important? Melissa Cook explains. Photograph by Rachel Quintos /USAID E-PESO
Bookkeeper Rosalinda Hernandez used to pay fees in cash but now uses electronic payments. But what are electronic payments and why are they important? Melissa Cook explains. Photograph by Rachel Quintos /USAID E-PESO

Why electronic payments will support inclusive growth in the Philippines

People often give me puzzled looks when I try to describe my job here, and I don’t blame them. Since 2015 I have worked on an international development program that supports the Philippines’ shift from a cash-based economy to a cash-light economy, which will improve the livelihoods of Filipinos by getting more people involved in the formal economy.

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