The Securities and Exchange Commission (SEC) on Thursday said it added GCash to the modes of payments for registration, other transaction fees and penalties, through the agency’s Electronic System for Payments to the SEC (eSPAYSEC).
“It has only been a year since we rolled out the eSPAYSEC, but it has already become a preferred payment option for the transacting public because of the convenience and security it offers,” SEC Chairman Emilio B. Aquino said.
“This is proof of the public’s readiness to adapt to digital solutions when they are available, and strengthens the commission’s commitment to its digital transformation initiatives to improve the ease doing business for Filipinos.”
The public may access eSPAYSEC through the SEC’s website at https://espaysec.sec.gov.ph/payment-portal/home.
To use GCash for their payments, clients only need to enter the reference number provided in the Payment Assessment Form issued by the SEC, select GCash as their payment option, then provide the required information. Each transaction charges a minimal convenience fee of P10.
Other online payment channels that are accepted by eSPAYSEC include debit and credit cards powered by Visa, Mastercard and JCB, as well as PayMaya wallets.
Launched on March 1 last year, the eSPAYSEC is a web-based system that allows for the payment of fees and penalties to the commission online using debit and credit cards, digital wallets, and other cashless payment options.
The online payment portal has since accepted payments for fees and penalties amounting to P202.32 million from a total of 29,565 transactions, as of June 8. Of the total amount, P99.57 million was recorded in 2022, bound to surpass the P102.75 million collected online in 2021.
Meanwhile, the SEC said it continues to accept and process payments across its main and extension offices. The public may likewise pay registration and other transaction fees over the counter in select branches of Land Bank of the Philippines.