IN its objective to promote financial inclusion to a big portion of the population through tech-enabled financial solutions for Filipino consumers, Togetech Inc. has recently partnered with Pinnacle Real Estate Consulting Services Inc. to offer property owners assessment and payment of their real property taxes (RPT) or amilyar as part of the former’s Moneygment mobile application.
Jessica Palmiano, CEO of Togetech, commended the natural synergy between Togetech and Pinnacle. “Our tech infrastructure complements Pinnacle’s real-estate expertise to deliver seamless and one-of-a-kind real-estate-related payment services,” she said in a recent press briefing held in Makati City.
Michael Mabutol, the president and managing director of Pinnacle, said the partnership with Togetech makes sense as country’s largest homegrown real-estate consulting and brokerage firm offers an array of services.
“We offer not just brokerage, consulting, appraisal and property-management services, but also titling services and payment services, which makes us Togetech’s ideal partner in the processing of RPT payments through the Moneygment app,” he said.
By offering this service, Palmiano said Filipinos can now have use another platform that is more convenient and easier for making real-estate property tax payment taking them one step closer to having a more secure future.
The mobile app, according to Palmiano, makes payment processing of RPT seamless and convenient. She said property owners won’t have to queue in the city or municipal treasurer’s office of the local government unit (LGU) where their property is located, making sure that payment is made on time. “In the long run, the Moneygment app promotes regularity of RPT payments, thus making Filipinos more responsible and tax-abiding citizens,” she said.
The initial rollout of the Moneygment app’s RPT service covers Metro Manila and Cebu. Service to other areas, such as the northern and southern parts of Luzon and Davao, are slated for release later in 2019.
The partnership comes as part of Togetech’s wide array of finance-related offerings and services made possible through the Moneygment app.
How it works
TO use the Moneygment app, users can download it from the Apple Store and Google Play. Once installed, they can create an account using their Facebook, Gmail or any other e-mail account, after which they can choose from a wide range of finance-related and payment services available: Pag-IBIG, PhilHealth and SSS contributions; bills and other utilities; loan application and payment; and personal income and real property taxes, among others.
To pay for RPT, users need to have their properties assessed first. To do this, they will be asked to fill in needed information, such as title number, full name of the owner as stated in the title and the local government unit. Afterward, they will be asked to fill in the tax declaration number. Upon confirmation and payment of the processing fee, users will then be asked to e-mail copies of pertinent documents to email@example.com. They can track the progress of the assessment by tapping the History tab.
Users will receive an e-mail once property assessment is complete. Once the amount has been carefully reviewed, they can then proceed with payment via the different options available. Once paid, they will receive an update that Pinnacle is processing the filing of their RPT. They will then receive their official receipt and statement of account upon completion. All of this can be done without going to the city or municipal treasurer’s office of the LGU where the property is located.