Zambo, DBP e-transaction first in Mindanao PDF Print E-mail
Tuesday, 02 June 2015 09:35


Mayor Beng Climaco and Development Bank of the Philippines (DBP) Vice President and Head of BBS-Payments Department Ricardo Josef Bandal II, yesterday formally sealed a Merchant Agreement Point-of-Sale Payment System (for Visa Credit and Debit Transactions), making the local government of Zamboanga the first to adopt electronic transactions in Mindanao.

Bandal said the signing of the agreement will enable the city government to accept real property tax payments and other transactions with the use of automated teller machine (ATM) cards from all local banks and VISA credit and debit cards.

The event yesterday was the first phase of the e-transaction package, as the city government will also be able to accept additional credit users, once the DBP completes certification.

“This is the first in Mindanao for this facility, and we are looking forward to the next step which is  online payment. So if this is done, it will also be the first in Mindanao,” Bandal affirmed. “This signing event is something that we are very excited about, this is a long time in the making and we are very thankful to those involved in the effort—from the local government and from our DBP-Zamboanga branch.”

Mayor Climaco, for her part described the innovation as another breakthrough in local governance stressing that “we need to champion the cause of trying to  utilize technology for the betterment of our city.”

She said the city’s desire to be more aggressive in its campaign to collect taxes through the new technology became a reality because of the joint efforts of the City Treasurer’s Office, the Information Technology (IT) team and the DBP.

The mayor stressed that the Seal of Governance that the local government has achieved recently through sound financial management was another breakthrough in local governance. “We hope to continue the trail and the development initiatives through innovation.”

Through the Merchant Agreement, the City Government can engage in business and honor all valid credit, debit and or prepaid cards as payment for its sale of goods and or services. The DBP, being the city’s depository bank, on the other hand, is bound to honor these cards for the purchase of goods and or services from the city’s clients or establishments.

Attending the signing ceremonies at the City Hall conference room Monday afternoon were members of the City Council, City Administrator Antonio Orendain Jr., City Department heads and other DBP officials. — Sheila Covarrubias