MYEG Philippines to Provide Payment Solutions for Economic Zones

MYEG Philippines Inc. has renewed its strategic partnership with the Philippine Economic Zone Authority (PEZA) to continue providing digital payment solutions for economic zone locators.

The agreement was formalised during a signing ceremony on 28 January involving MYEG Philippines Chief Executive Officer Ann Margaret Saldaña and PEZA Director General Tereso Panga.

Under the renewed agreement, PEZA locators will retain access to a wide network of payment channels, which reportedly includes over 100,000 options nationwide.

The system allows businesses to settle fees via major e-wallets such as GCash, Shopee Pay, Palawan Pay, Grab Pay, and Maya. It also supports online bank transfers as well as credit and debit card transactions.

For those preferring over-the-counter payments, the partnership covers cash settlements through partners like Cebuana Lhuillier, Palawan Express, Bayad Center, 7-Eleven, and various pawnshops.

Additionally, locators can utilise corporate bank accounts for cheque payments or use QRPh, the national QR code standard.

Saldaña highlighted the operational benefits for the locators.

PEZA views the move as part of a broader effort to improve the ease of doing business in the country.

This collaboration aims to streamline administrative processes for foreign and local investors operating within the country’s economic zones.

Featured image by MYEG Philippines.

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