The proposed Internet Transactions Act was sponsored in the Senate plenary on Tuesday.
Senator Mark Villar, chairperson of the committee on trade, introduced Senate Bill 1846 which seeks to ensure that all goods and services transacted digitally will be as advertised, and that e-commerce transactions be reliable, secure, and accessible to all consumers.
The bill imposes penalties against e-marketplaces, e-retailers, online merchants, and digital platforms that violate consumer acts, and violators of certain provisions may face up to P1 million in fines.
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