Tuesday, October 4, 2022

SBMA signs deal for faster bill payment system

Aug 10, 2022 @ 13:06
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The Subic Bay Metropolitan Authority has inked an agreement giving stakeholders a faster and more convenient way of paying their bills.

The SBMA signed a memorandum of agreement with Intercommerce Network Services Inc. (INS) and I-Pay MYEG Philippines Inc. (IPMPI) to further enhance its Electronic Bills & Payment System (eBPS).

“I think this eBPS would help our stakeholders a lot in terms of convenience in bills payment. This will save them time and fuel,” SBMA chairman and administrator Rolen Paulino said in a Punto Central Luzon report.

“Instead of going to our Treasury office or to any Landbank branch, they could just pay online or visit a partner merchant, at their convenience,” he added.

In September 2015, the SBMA first launched the eBPS, initially with the Land Bank of the Philippines as a collection system partner, and INS as provider of electronic payment platform, according to the report.

But since the pandemic, there has been increased demand for additional payment channel options, the report added.

In 2021, the INS introduced IPMPI to the SBMA to provide an additional electronic payment and collection system partner, giving stakeholders more options of choosing from over 90,000 electronic payment channels.

“We are more than happy that MYEG will be part of this initiative together with Intercommerce. Thank you very much for the partnership and for the trust that you have given MYEG,” said Ann Margaret Saldana, IPMPI CEO.

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