Customs inks partnership with PayMaya to automate payments

Source: Pexels

The Bureau of Customs (BOC) signed a memorandum of agreement with PayMaya in June 11 to digitize collection, transmittal, customs fees remittance, and other payments. The Bureau of Treasury and the Development Bank of the Philippines have also involved in the partnerships.

The agreement enables PayMaya to accept payments from BOC clients of miscellaneous fees and charges, other than customs duties and taxes, through PayMaya Payment Solutions (PPS).

The PPS features Online Checkout that accepts credit or debit cards for local and cross-border payments, Bills Payment via PayMaya app, Pay by PayMaya, PayMaya One POS terminal that accepts credit or debit cards and PayMaya QR payments, and Smart Padala Centers Bills Payment.

The contract also covers the payment of client service fees specified under the agreement, as well as the arrangement of depositing the collected BOC Fees and other payments to the DBP.

Under the agreement, daily payments received by PayMaya will be credited accordingly through the submission of the list of deposited collections report by the BOC to the Bureau of Treasury.

The list of collections report shall be prepared by the Collection District who issued Order of Payment and validated by the Bureau of Customs-Revenue Accounting Division, (BOC-RAD) based on the detailed reports generated and submitted by PayMaya using its payment collection service.

Customs payment digitization is one of the remarkable results of the E-commerce Act of 2000 and the Ease of Doing Business and Efficient Government Services Delivery Act of 2018.

The BOC ensures the public that it will continue to adopt measures necessary to facilitate and minimize disruption to the supply chain amid the crisis.

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