As more Filipinos shift to digital payment, the Securities and Exchange Commission (SEC) is also adding more payment options to make transactions with the commission faster and more convenient their clients.
In a statement, SEC said clients can now use their GCash payment wallets to settle registration and other transaction fees, as well as penalties, with the commission through its Electronic System for Payments to the SEC (eSPAYSEC) via https://espaysec.sec.gov.ph/payment-portal/home.
Transaction via GCash will incur a minimal convenience fee of P10, it said.
To process payment via GCash, clients only need to enter the reference number provided in the Payment Assessment Form issued by the SEC, select GCash as their payment option, then provide the required information.
Aside from GCash, eSPAYSEC also accepts payment via debit and credit cards powered by Visa, Mastercard and JCB, as well as PayMaya wallets.
Launched in March 1, 2021, the eSPAYSECis 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 online payment portal has since accepted payments for fees and penalties amounting toP202.32 million from a total of 29,565 transactions, as of June 8, 2022. Of the total amount, P99.57 million was recorded in 2022, bound to surpass the P102.75 million collected online in 2021.