Categories: Globe TelecomPolitics

Duterte orders gov’t to utilize digital payment methods

President Rodrigo Duterte has signed an executive order requiring government agencies to use digital payment methods to release funds and collect dues.

“All departments, agencies, and instrumentalities of the government, including state universities and colleges, government-owned or -controlled corporations, are hereby directed, and local government units are hereby joined, to adopt digital payments for their respective disbursements and collections,” Executive Order 170 reads.

While the order mandates covered government agencies to offer a digital way of collecting taxes, fees, tolls, and other charges, it “does not foreclose the acceptance of cash and other traditional modes of payment.”

According to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno, EO 170 will expedite transactions, generate savings for the government and the public, and reduce the risk of graft and corruption.

“EO 170 provides robust support to BSP’s efforts in promoting payments digitalization and financial inclusion under the Digital Payments Transformation Roadmap (DPTR) and the National Strategy for Financial Inclusion (NSFI),” Diokno said.

The Department of Finance, Department of Budget and Management, Bureau of Treasury, Bureau of Internal and Revenue and Government Procurement Policy Board Technical Support Office will be the lead agencies in the implementation of the order.

Share
Myra Santos Santos

Recent Posts

Globe launches GFiber online platform to expedite new customer applications

Globe launches GFiber online platform to expedite new customer applications

Ayala-led Globe Telecom has rolled out a new website called the GFiber online channel to…

18 hours ago
DITO files complaint against Globe, Smart for ‘abuse’ of positions

DITO files complaint against Globe, Smart for ‘abuse’ of positions

China-backed DITO Telecommunity, partly-owned by Davao-based businessman Dennis Uy, has filed complaints before the Philippine…

21 hours ago
NGO calls on telco, real estate sectors to work together for stable internet in PH

NGO calls on telco, real estate sectors to work together for stable internet in PH

A stable internet connectivity in the country is possible and achievable if the real estate…

2 days ago
IFC funds $70-M project to build 600 shared towers in PH

IFC funds $70-M project to build 600 shared towers in PH

The International Finance Corporation is investing $70 million in Communication and Renewable Energy Infrastructure (CREI)…

2 days ago
DITO’s fiber infrastructure now covers 30,000km

DITO’s fiber infrastructure now covers 30,000km

DITO Telecommunity, the Philippines' third telco player, reported that it had deployed 30,000 kilometers of…

2 days ago
Converge launches ‘FiberX GameChanger’ plans with up to 800 Mbps speed

Converge launches ‘FiberX GameChanger’ plans with up to 800 Mbps speed

Fiber internet service provider Converge ICT has rolled out a new set of plans targeted…

3 days ago

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.

Close