Business fees via online double pre-pandemic level – Pascual

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Online payments for business name registration jumped by 73 percent in the first half this year, doubling the 35 percent pre-pandemic growth in 2019, Trade and Industry Secretary Alfredo E. Pascual reported.

In a keynote speech at the business relaunch of PayMaya Enterprise as Maya, Pascual reported this significant use of online payments even as DTI’s Business Name Registration System also posted significant increase in online registration and renewals.

With that he cited Maya’s help in making DTI actualize the e-commerce Philippines 2022 roadmap as he urged support for the Bangko Sentral ng Pilipinas’ Digital Payment Transformation Roadmap 2020- 2023 by meeting, if not exceeding, the set goals of 50 percent digital payment volume and 70 percent financial inclusion for all Filipino adults.

“Business name registration and renewals have become more efficient, flexible, and convenient for entrepreneurs as they offer various payment options, including debit/credit card, Maya ewallet/Smart Padala, GCash, and Landbank Linkbiz,” he said. “I believe the government will not be able to achieve its digital transformation goals on its own. The private sector, with its agile mindset and disposition has to play a key role, particularly in implementing the digital transformation of enterprises, both large and small as well as government itself,” he said.

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