Filipinos across the country can now enjoy cashless convenience when transacting in the Philippines Personal Property Security Registry and e-serbisyo online platforms as PayMaya, in cooperation with the Bureau of the Treasury, Development Bank of the Philippines, and Land Registration Systems empowers the Land Registration Authority with digital payment acceptance solutions.
Online transactions with the Land Registration Authority (LRA) may soon be paid using a PayMaya account or any credit or debit, and prepaid card, as well as other e-wallets.
The LRA has partnered with PayMaya for its online payment platform to power its services such as the Philippines Personal Property Security Registry (PPSR) Portal (https://www.philppsr.lra.gov.ph/) and the eSerbisyo Portal (https://eserbisyo.lra.gov.ph/).
The PPSR, as mandated by Republic Act 11057 or the Personal Property Security Act, is an online notice-based Registry for security interests in personal and movable properties. The eSerbisyo Portal, on the other hand, enables LRA clients to request online for a Certified True Copy (CTC) of Titles to be delivered at their preferred address.
Supporting the digitalization of LRA transactions initiative are the Bureau of the Treasury (BTr), Development Bank of the Philippines (DBP), and Land Registration Systems, Inc (LARES).
Integrating PayMaya's solutions into the LRA's PPSR and eSerbisyo platforms is part of the agency's computerization project, which aims to modernize the system of property registration and land titling processes in the Philippines.
"We at the LRA are grateful to work with PayMaya in advancing our services through digital as we continue to provide more efficient public service to the Filipino people. We are excited to see citizens enjoy the safety and convenience of utilizing digital payments for more seamless transactions online with our agency," said Land Registration Authority Deputy Administrator Atty. Robert Nomar V. Leyretana.
With this initiative, LRA joins over 70 national agencies and local government units now equipped with PayMaya's solutions, including digital payments for taxes and fees and disbursement of funds such as social assistance to citizens.
"We are proud to work with the LRA, the BTr, DBP, and LARES as we power the public sector with relevant digital payment solutions. Enabling e-Government efforts – from our local government units to our national agencies – is an important component in promoting digital and financial inclusion," said PayMaya Founder & CEO Orlando B. Vea.
On top of promoting safer and more convenient transactions amid the COVID-19 pandemic, PayMaya is leading the charge in enabling more government units with digital payment solutions as part of the country's economic recovery measures.
The initiative supports the Republic Act 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018, which aims to streamline the current systems and procedures of government services.
PayMaya is the only end-to-end digital payments ecosystem enabler in the Philippines, with platforms and services that cut across consumers, merchants, communities, and government.
Through its consumer platforms, it provides more than 38 million Filipinos with access to financial services. Customers can conveniently pay, add money, cash out or remit through its over 250,000 digital touchpoints nationwide. Its Smart Padala by PayMaya network of 40,000 partner agent touchpoints nationwide serves as last-mile digital financial hubs in communities, providing the unbanked and underserved access to digital services. Through its enterprise business, it is the largest digital payments processor for key industries in the country, including "everyday" merchants such as the largest retail, food, gas, and eCommerce merchants, as well as government agencies and units.
To know more about PayMaya's products and services, visit www.PayMaya.com or follow @PayMayaOfficial on Facebook, Twitter, and Instagram.
