PayMaya Philippines, Inc. is now an official partner in automating the transactions of the Philippine Contractors Accreditation Board (PCAB), particularly its pilot on online contractor’s license renewal portal (pcabgovph.com) that serves around 15,000 contractors all over the country.
The service of PayMaya is an additional digital payment option for contractors aside from the existing Land Bank LinkBiz portal.
The memorandum of agreement signed by the Department of Trade and Industry, PayMaya, Land Bank of the Philippines, and Bureau of the Treasury (BTr) authorizes PayMaya to be a digital collecting agent for the services of Construction Industry Authority of the Philippines (CIAP) starting with the PCAB online license renewal.
With this integration with PayMaya, users will have a more convenient payment option since they will now be allowed to pay within the PCAB website for license renewal itself, using credit, debit, prepaid cards, and their PayMaya-registered mobile number. Upon PayMaya’s collection of the renewal fees from the contractors, Landbank will serve as the settlement bank, which will then remit the payments to the BTr.
“At PayMaya, we have always been supportive of the government’s continued pursuit of providing efficient, transparent, and accessible services to the public with the help of digital payments. We are delighted to assist DTI-CIAP in their digital transformation journey, enabling them to offer much-need services to various industry stakeholders as well as allowing Filipino contractors to transact safely and conveniently from their homes, especially in light of our current public health situation,” said PayMaya founder and Chief Executive Officer Orlando B. Vea.
PCAB, with the assistance from USAID DELIVER Project, has successfully integrated an end-to-end digital payment system for the said online renewal facility to further promote efficiency in the license renewal process.
“The service of PayMaya is a welcome digital payment option for contractors. We are happy to continue pursuing modern services for the benefit of our industry stakeholders, as we can help them reallocate their time from applying licenses and permits to growing their businesses thus paving more avenues for job creation,” DTI Sec. Ramon Lopez said.
In the recent State of the Nation Address, President Rodrigo Duterte underscored his call to simplify processes for government transactions in line with the pandemic situation as well as the ease-of-doing-business in the country.
“This initiative, and the online renewal platform system, manifests the commitment of the national government to lead the way in digital transformation and compliance with the Ease of Doing Business Law.” DTI Sec. Lopez added. – Press release
April 20, 2024
