e-Commerce

Philippines DoF and DTI signs joint guidelines on e-Payment and collection

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In Philippines, the Department of Finance (DoF) and the Department of Trade and Industry (DTI) have signed a joint administrative order on the implementation of the E-commerce law. DoF and DTI signed the joint administrative order, which recommends guidelines and policies to the government adoption of an Electronic Payment and Collection System (EPCS).

 

The guideline will require all government agencies with existing payment and collection systems. The policies will contain the electronic payment and collection data for 60 days, while government archives for 10 years. A Government Electronic Payment and Collection Systems Evaluation Team (GEPCSET) would also be created under the directive. It will include representatives of several agencies like DoF, DTI, Bureau of Treasury, the National Computer Center, and the Bangko Sentral ng Pilipinas. The GEPCSET will act as government body for the evaluation of accredit, recommendation and the approval of applications to adopt the government EPCS.

 

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