The SEC said all its offices will go fully digital with their payment channels starting February next year, although over-the-counter transactions can still be made with state-run Land Bank of the Philippines. | miguelrcamusINQ /PDI
“The shift to online and offsite payments furthers our unwavering commitment to ensuring the transparent and efficient management of our funds, as transaction fees and any other amounts that we collect will directly be deposited to and immediately be reflected on the Commission’s accounts,” SEC chair Emilio B. Aquino said in a statement.
The eSPAYSEC, launched in the midst of the pandemic lockdowns, is a web-based system that allows for the payment of fees and penalties to the corporate regulator using debit and credit cards, digital wallets, and other cashless payment options. Once the payment goes through, the system will generate an electronic official receipt, which clients will likewise receive through email.
From 2018 to 2021, the SEC consistently secured an unqualified or unmodified opinion from the Commission on Audit. This is regraded as a seal of good housekeeping.The corporate regulator, earlier this year, was also conferred the 3G Transparency Award by London-based Cambridge International Financial Advisory, which recognizes an organization with the most rigorous and transparent reporting on financials, governance and strategy.
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