(PNA graphics) MANILA - A House of Representatives panel has approved a bill seeking to promote the adoption of digital payments for financial transactions of the government and all merchants. During a hearing on Tuesday, the House Committee on Banks and Financial Intermediaries, chaired by Manila Rep. Irwin Tieng, approved the consolidated version of House Bills 275, 358, 2946, 3737, 4344, and 5073, or the proposed "Use of Digital Payments Act." Tieng said the proposal is advantageous for both the merchant and the customer. He explained that with digital payments, merchants would no longer need to hire a cashier to handle physical currency while the buyer would no longer need to prepare coins and bills for payment. Tieng added that the sales of the merchant would be more secure because electronic payments go directly to the store's account, which cannot be easily pilfered or stolen by employees or shoplifters. He also cited the lesser face-to-face transactions between go
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Sen. Win Gatchal
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