The Securities and Exchange Commission (SEC) on Wednesday announced it will move all its payment transactions online beginning February 2023 as part of its zero face-to-face transaction policy.
In a statement, the SEC said all payments will be accepted only through the Electronic System for Payments to the SEC at or at any branch of the Land Bank of the Philippines nationwide, starting February 1, 2023.
Launched on 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 corporate regulator added it signed a deal with Landbank that will allow payments for SEC-related transactions to be made through its online collection facility in all 609 branches nationwide.
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