THE SECURITIES and Exchange Commission (SEC) will accept only online payments and payments made to Land Bank of the Philippines (LANDBANK) branches starting February next year, as it continues with its “zero face-to-face transaction policy.”
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With the shift, transaction fees and any other amounts collected in through eSPAYSEC and LANDBANK will directly be deposited to and reflected in the SEC’s accounts, Mr. Aquino said. Clients who intend to pay will need to enter the reference number provided in the payment assessment form issued by the SEC, select their payment option and provide the required information.
“This also complements the transacting public’s pivot to cashless transactions, and the National Government’s push for the digital transformation of public services to improve ease of doing business in the Philippines, as in the case of the SEC,” Mr. Aquino said.
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