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The Philippines Introduces e-Payment System in e-Procurement
Source: http://www.futuregov.asia/articles/2013/jan/21/philippines-introduces-e-payment-system-e-procurem/
Source Date: Monday, January 21, 2013
Focus: Electronic and Mobile Government
Country: Philippines
Created: Jan 21, 2013

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. 

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.

According to Budget and Management Secretary Florencio B. Abad, the new system will help agencies ensure a quicker and more efficient procurement system, as well as boost the Aquino administration’s overall transparency campaign.

“The establishment of the e-Payment system effectively brings us to the realm of cashless transactions, where procurement activities can be tracked and accounted very quickly and accurately,” he said.

“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.”

Abad revealed that with the PHILGEPS e-Payment facility, LandBank can now offer similar e-Payment services for other government services, such as license applications with the Land Transportation Office (LTO) and clearance applications with the National Bureau of Investigation.

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