The new online debit payment system program of the Department of Trade and Industry (DTI) will enable entrepreneurs to register or renew their business names anytime, anywhere as long as they have computer or mobile phone, and an Internet connection.
Called enhanced business name registration system (eBNRS), the debit payment system will be possible through the memorandum of agreement signed by the DTI, Bancnet and Development Bank of the Philippines.
Nora Terrado, DTI undersecretary for management services, said that the project is still in the pipeline but will subjected for full implementation by the end of the year.
“This debit payment feature of eBNRS and the supporting back-end and integration processes are currently under test. Debit payment facility is targeted for full implementation before the end of this year,” she said.
Besides e-payment, the DTI is discussing other means of paying and settling fees such as paying through banks, mobile, or even credit cards.
“The next thing for us to do is to enhance better features . . . so that entrepreneurs will have the ease of doing business in the country after promoting our country and attracting investors to invest,” Terrado said.
DTI’s e-payment system also supports the Aquino administration’s objective to foster transparency, accountability and good governance in the bureaucracy.
Kristyn Nika M. Lazo