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House panel pushes for bill on use of digital payments

(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 ....

Davao City , Irwin Tieng , Ferdinandr Marcos Jr , Sarah Daway Ducanes , Paolo Duterte , National Economic , Development Authority , House Committee On Banks , Philippine Development Plan , Development Advisory Council , House Committee , Financial Intermediaries , House Bills , Digital Payments Act , House Bill , Electronic Money Act , Governance Bill , President Ferdinand , Legislative Executive Development Advisory , Na Graphics Manilaa House Of Representatives Panel Has Approveda Bill Seeking To Promote The Adoption Digital Payments For Financial Transactions Government And All Merchants Duringa Hearing On Tuesday , He House Committee On Banks And Financial Intermediaries , Haired By Manila Rep Irwin Tieng , Pproved The Consolidated Version Of House Bills 275 , Nd 5073 , R The Proposed Quot Use Of Digital Payments Act Tieng Said Proposal Is Advantageous For Both Merchant And Customer He Explained That With , Erchants Would No Longer Need To Hirea Cashier Handle Physical Currency While The Buyer Prepare Coins And Bills For Payment Tieng Added That Sales Of Merchant Be More Secure Because Electronic Payments Go Directly Store 39s Account ,