SEC unveils online payment system

The Securities and Exchange Commission (SEC) said its online payment system will be operational starting March 1.

The agency’s payment portal is a web-based system that allows for the payment of registration and other transaction fees, as well as penalties, online using debit and credit cards, digital wallets and other cashless payment options.

“With the SEC Payment Portal, corporations and other stakeholders can conveniently and securely pay registration and other fees anytime and anywhere,” SEC chairman Emilio B. Aquino said.

“The online payment system is just among the many initiatives under the commission’s ongoing digital transformation aimed at further improving the ease of doing business in the country.”

The agency’s portal can be accessed through its website (www.sec.gov.ph/apps/payment-portal/home).

To proceed, clients need to enter the reference number provided in the payment assessment form issued by the SEC, select a payment option, then provide the required information.

They will receive a one-time pin in the mobile phone numbers linked to their bank accounts or digital wallets. Once the payment goes through, the system will generate an electronic official receipt, which clients will also receive through e-mail.

The SEC Payment Portal currently accepts debit and credit cards powered by Visa, Mastercard and JCB, as well as PayMaya wallets. Other payment options will be available soon.

Meanwhile, the agency will continue to accept and process payments across its main, extension and satellite offices. The public may likewise pay registration and other transaction fees over the counter in select branches of Land Bank of the Philippines, and online through LandBank’s ePayment Portal.