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Online business registration system now offers payment options

Signing the agreement were DTI Secretary Ramon M. Lopez (center) and (from left): Globe Fintech Solutions assistant vice president Ferdie Perez, Landbank executive vice president Liduvino Geron, Bureau of National Treasury Treasurer Rosalia De Leon, and Paymaya chief executive officer Orlando Vea. (Photo from DTI)

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These are the steps in registering or renewing a business name online, at

Trade Secretary Ramon M. Lopez said business owners no longer need to go to Department of Trade and Industry (DTI) to do this as the government has scaled up its online registration system.

The DTI signed on September 27, 2019 three Memoranda of Agreement (MOAs) with ePayment platforms GCash, PayMaya, and LinkBiz of the Land Bank of the Philippines, which will provide a suite of online payment options for DTI’s Business Name Registration System Next Generation (BNRS Next Gen).

“Long queues and inefficient and slow services will soon be a thing of the past in government. At DTI, we are constantly improving our frontline services to become at par with international standards,” Lopez said in a statement.

“Our agreement with ePayment platforms completes our Business Name Registration system as we are now able to provide our citizens the convenience of having to transact with DTI through their mobile phones in the comfort of their homes, or wherever they are, 24/7,” he added.

This is in compliance to Republic Act (RA) No. 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018.

Section 9(e) of RA 11032 provides, “That all government agencies shall develop electronic versions of licenses, clearances, permits, certifications or authorizations with the same level of authority as that of the signed hard copy, which may be printed by the applicants or requesting parties in the convenience of their offices.”

“We are proud to be pioneering e-government by being one of the first to provide the public the experience of an end-to-end registration and making available various online payment options such as e-wallet, online banking or credit/debit cards. Automation is key to good governance. Through automation, we will provide easier, faster, and better service,” Lopez said.

GCash, a subsidiary of Mynt (Globe Fintech Innovations, Inc.), is the Philippines’ #1 mobile wallet. Through the GCash App, customers can easily purchase prepaid airtime; pay bills at over 400 partner billers nationwide; send and receive money anywhere in the Philippines; pay using QR codes at over 60,000 partner merchants; and invest money at money market funds through the convenience of their smartphone.

PayMaya, financial technology arm of PLDT-backed Voyager Innovations, is the first FinTech company in the Philippines to offer an e-wallet that allows cashless transactions at any time of the day, anywhere in the world, and from any device. PayMaya's universal payments platform enables merchants to accept all payment options, including credit, debit, prepaid cards and mobile wallets. (Ventures Cebu)

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