In partnership with the top e-payment processing provider MyEG Philippines, Inc., the Securities and Exchange Commission (SEC) has extended its online and over-the-counter payment network to offer the public more convenient and streamlined payment options.
Filipinos can now pay registration and other transaction fees including Articles of Partnership, Articles of Incorporation, Annual Fees for Financing/Lending Companies, Exchanges, Registration as an Investment Company, Applications for Accreditation, General Certifications, and Certification on Corporate Filing/Information via the eSPAYSEC using MyEG’s online payment network, which includes e-wallets such as GCash, Maya, GrabPay, and ShopeePay, credit/debit cards, as well as online bank transfers from BDO, BPI, RCBC, UnionBank, Maybank, Metrobank, among others.
In addition, MyEG’s over-the-counter payment centers are widely available throughout the country, including convenience stores, malls, pawnshops, and other establishments such as 7-Eleven, Cebuana Lhuillier, Palawan Pawnshop, Tambunting Pawnshop, Bayad Center, The SM Stores, Robinsons Department Stores, DA5, Posible, Pay&Go, USSC, and various others, providing the public with multiple payment options for settling their dues with the SEC.
“As we expand the payment options available on the SEC eSPAYSEC, we hope to encourage more businesses and stakeholders to do their transactions online as it is easier, safer, and more convenient. This is just among the many initiatives under the Commission’s ongoing digital transformation aimed further improving the ease of doing business in the country,” according to Emilio B. Aquino, SEC Chairperson.
To transact with the SEC, the public can visit https://espaysec.sec.gov.ph/ and use eSPAYSEC. Clients only need to input the reference number found on the Payment Assessment Form (PAF) given by the SEC, choose their preferred payment method, and complete the payment process.
“MyEG’s goal and mission has always been to support the government in the ease of doing business may it be with our automation expertise or our payment gateway channels. We are delighted to extend all our more than 90,000 channels to the SEC so corporations can have more options to pay their SEC fees online or payment centers near their homes or offices. Now that we have activated MYEG on the SEC payment portal, businesses can just log in online from the eSPAYSEC and pay through all our payment channels. It will be easier, faster, safer and more convenient way with numerous payment options,” said MyEG Philippines CEO Ann Margaret Saldaña.
For security purposes, clients transacting through eSPAYSEC will receive a one-time pin on their mobile phone numbers that are linked to their bank accounts or digital wallets. Once payment is successfully processed, the system will generate an electronic official receipt, which will be sent to the client via email.
Since 01 February 2023, the SEC has transitioned its payment channels to online and offsite, aligning with its zero face-to-face transaction policy. Consequently, all payments to the Commission can only be made through eSPAYSEC and any branch of the Land Bank of the Philippines nationwide.