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Subic Bay Metropolitan Authority has enhanced its electronic bills & payment system
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An MOA signed with value-added service provider InterCommerce Network Services and online payment gateway firm I-Pay MYEG Philippines enhances SBMA’s e-bills payment system
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The eBPS is being relaunched virtually on July 25 and 26
The Subic Bay Metropolitan Authority (SBMA) has launched an enhanced e-bills payment system for Subic Bay Freeport (SBF) stakeholders.
SBMA signed a memorandum of agreement with value-added service provider InterCommerce Network Services Inc. (INS) and online payment gateway provider I-Pay MYEG Philippines Inc. (IPMPI) to further enhance SBMA’s electronic bills & payment system (eBPS).
Under the MOA, SBMA authorizes INS and IPMPI for an initial period of one year to enhance the eBPS and include IPMPI and its partners as an additional payment gateway and to utilize the latter’s multiple payment channels.
The eBPS is being relaunched virtually July 25 and 26.
In a statement, SBMA chairman and administrator Rolen C. Paulino said eBPS will make bills payment more convenient, saving stakeholders time and fuel.
SBMA first launched its eBPS in September 2015, initially with the LandBank of the Philippines as a collection system partner, and INS as provider of electronic payment platform.
With the emergence of a vast number of electronic payment systems, especially due to pandemic-related restrictions, SBMA noted that the demand for additional payment channel options encouraged the partnership to venture into other possibilities to explore further enhancement that will provide efficiencies to SBF stakeholders.
INS in 2021 introduced IPMPI to SBMA to provide an additional electronic payment and collection system partner, giving stakeholders more options to choose from over 90,000 electronic payment channels.
Ann Margaret Saldana, IPMPI chief executive, said electronic payment channels such as 7-Eleven, Cebuana Lhuillier, Palawan Express for cash payment, and GCash, Maya, GrabPay, Shoppee Pay, as well as credit cards for mobile payments, will be available with the intervention of IPMPI.
For his part, INS president Francis Norman Lopez sees the partnership as opening doors to other payment requirements of the agency.
“We hope that this would also be extended to the other payment requirements of SBMA like port facilities or services, and payment of other transactions of the SBMA. For that matter, I think, SBMA would be the first that would cover all its electronic payment transactions,” Lopez said.
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SBMA said the convenience of payment transactions with the implementation of the eBPS will be a big plus-factor to investors who are looking to move to the Philippines if they invest in SBF.
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