The use of EGov Pay, a system that enables digital payment for government services, jumped 467 percent to more than 91,000 transactions in 2021 from around 16,000 transactions in 2020, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Thursday.
Diokno said in an online briefing the value of EGov Pay transactions increased by 300 percent from around P61 million in 2020 to nearly P246 million in 2021.
“The sustained increase in the use of EGov Pay, even after mobility restrictions were lifted, proves the shifting preference of consumers towards greater adoption of digital payments,” Diokno said.
He said the most common payments processed through EGov Pay are fees for government clearances and taxes. From only two government billers when the facility was launched in 2019, 484 billers were onboarded to EGov Pay as of end-April this year.
The billers include provincial and local government units, state colleges and universities, water districts, and other government agencies and offices. Julito G. Rada