Intramuros, Manila – The Department of Trade and Industry (DTI) announced today that sole proprietors who wish to apply or renew their Business Names need not go to DTI offices to register but can instead transact online by following three steps: “Apply. Pay. Download.” DTI Secretary Ramon Lopez signed three Memoranda of Agreement (MOAs) with ePayment platforms Gcash, PayMaya, and LinkBiz providing a suite of online payment options for the convenience of the transacting public.
Together with the Bureau of Treasury (BTr), Land Bank of the Philippines (LBP), G-Xchange, Inc. (GXI), and PayMaya Philippines, Inc., the DTI organized a ceremonial signing at the Ayuntamiento Building in Intramuros, Manila providing the public a variety of online payment options for DTI’s Business Name Registration System Next Generation (BNRS Next Gen).
“Long queues and inefficient and slow services will soon be a thing of the past in government. At DTI, we are constantly improving our frontline services to become at par with international standards. Our agreement with ePayment platforms completes our Business Name Registration system as we are now able to provide our citizens the convenience of having to transact with DTI through their mobile phones in the comfort of their homes, or wherever they are, 24/7,” said Sec. Lopez. The trade chief also said this is part of DTI’s advocacy to promote Ease of Doing Business and the agency is committed to provide responsive and client-friendly services to the public.
According to Sec. Lopez, this initiative is in compliance with Republic Act (RA) No. 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018. Section 9(e) of RA 11032 provides “That all government agencies shall develop electronic versions of licenses, clearances, permits, certifications or authorizations with the same level of authority as that of the signed hard copy, which may be printed by the applicants or requesting parties in the convenience of their offices.”
“We are proud to be pioneering e-government by being one of the first to provide the public the experience of an end-to-end registration and making available various online payment options such as e-wallet, online banking or credit/debit cards. Automation is key to good governance. Through automation, we will provide easier, faster, and better service,” said the DTI Secretary.
The MOA signing with the various ePayment providers signal the scaling up of DTI’s online Business Name Registration service designed to deliver a more pleasant user experience, which is more convenient, transparent, and seamless.
PayMaya is the only FinTech company in the Philippines offering integrated consumer and merchant payment solutions. It is the first to give millions of Filipinos an e-wallet that allows cashless transactions at any time of the day, anywhere in the world, and from any device. For the merchant, PayMaya's universal payments platform enables them to accept all payment options, including credit, debit, prepaid cards and mobile wallets. PayMaya is the financial technology arm of Voyager Innovations, the leading technology company in the country backed by PLDT, KKR, Tencent, World Bank’s IFC and the IFC Emerging Asia Fund.
GCash is the Philippines’ #1 mobile wallet. Through the GCash App, customers can easily purchase prepaid airtime; pay bills at over 400 partner billers nationwide; send and receive money anywhere in the Philippines; pay using QR codes at over 60,000 partner merchants; and invest money at money market funds through the convenience of their smartphone. GCash have led the fintech services industry since its establishment in 2015. These advancements were made possible by the innovative culture of the company and its unending commitment to provide finance for all. GCash is a subsidiary of Mynt (Globe Fintech Innovations, Inc).
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