Should help address issues of red tape, too
If you are one of those frustrated with government transactions, here’s a bit of good news: The Department of Finance is working on a solution where government transactions will be more convenient and less burdensome.
Called PHPay, this upcoming online payment system aims to streamline all government transactions by having a one-stop portal. This means that clients can pay government offices electronically, saving them the hassle of lining up at government offices. For the initial run, PHPay will cater to all tax payments to the BIR, and will expand its services later on.
The initiative to have a one-stop payment system is part of the country’s efforts to improve its ease of doing business. The Philippines currently ranks at 113th out of 190 countries according to the World Bank’s latest report, and the government aims to improve the country’s ranking to 20 by 2020.
As of this writing, LGUs such as Makati, Quezon City, Valenzuela, and Cagayan de Oro are implementing a similar digital platform, which makes DOF’s goals for PHPay a feasible feat.