Businessmen and residents of Taguig City can now pay taxes and other fees and secure licenses and permits using their credit cards, the city government announced on Wednesday.
The City Council came up with Resolution 102-2015 that authorized Mayor Laarni Cayetano to enter into a memorandum of agreement with the Development Bank of the Philippines allowing the city to accept credit cards and other modes of electronic payment such as debit transactions.
It stated that the city treasury will now honor Visa credit card and debit cards in the payment of local taxes and fees.
“We owe it to our tax payers to make it convenient for them to pay taxes and fees. It is our commitment to constantly give excellent service to the people and our stakeholders. The technology is already there so why not maximize its use,” Cayetano asked.
The Office of the City Treasurer collected almost P500,000 through credit card and ATM debit card transactions just two weeks after its implementation.
According to the World Bank Ease of Doing Business study, Taguig is one of the best places in the country to do business in.
Since Cayetano assumed office in 2010, the process of registration and renewal of business permits have been streamlined and red tape has been eliminated.
The city was also a recipient of the Blue Certification Award from the Office of the Ombudsman which indicates that it met anti-red tape standards and its system conformed to the ease of doing business standards.