The Philippines present e-payment system

February 27, 2013  |  Uncategorized

philippines thumb The Philippines present e payment systemWow, they are popping up like daisies it seems. National e-procurement systems. First Moldova, then Uzbekistan and now the Philippines. The Philippine Government Electronic Procurement System (PhilGEPS), in partnership with the Land Bank of the Philippines, introduced a new e-payment system which seeks to enhance transparency in how the government agencies transact and do business with its suppliers.

Central portal

The PhilGEPS is the central portal of all public procurement activities that provides both government agencies and suppliers a more open, transparent and competitive environment. The new e-payment system allows government agencies to pay for procured items through the PhilGEPS portal at any time of the day. In addition, it reduces the time needed to complete purchasing transaction, which normally involves a tedious process of completing financial documents.

Better accountability

According to Budget and Management Secretary Florencio B. Abad, “the development of this online payment facility is particularly important for liquidating expenses that are charged against public funds. Because every step of the process can now be tracked and monitored, we can begin to close off all avenues for irregularity and, ultimately, establish better accountability across government.” 

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