Landbank to handle online government collections, transactions
By Iris C. Gonzales (The Philippine Star) Updated November 08, 2012
12:00 AM Comments (1)
MANILA, Philippines - The Bureau of the Treasury (BTr) has tapped the
Land Bank of the Philippines (Landbank) as the payment consolidator and
settle bank for collections through the so-called National Single Window
(NSW).
The NSW is an Internet-based platform that is seen to improve trade by
allowing single submission of applications for licenses, permits and
other papers required to transact with government.
It aims to put in place a single interface that will link traders with
concerned government agencies.
The Bureau of Customs, the government's second largest revenue agency,
has been pushing for the implementation of the NSW to improve trade.
Landbank recently signed the agreement with the Treasury and BancNet Inc.
Landbank president and CEO Gilda Pico said the agreement would pave the
way for faster trade processes in the country.
"This next step enables the electronic payment of export-import
clearances and trade related services through the BancNet Internet
Payment Gateway. It will further speed up trade transactions and save
clients from the need to run to and from different agencies for their
payments," Pico said.
Landbank is now an institutional member of the BancNet ATM Network, the
largest inter-bank network in the country connecting more than 6,000
ATMs of 91 member banks, the bank said in its statement.
BancNet, meanwhile, operates the Internet Payment Gateway connected to
the NSW portal.
According to the Philippine NSW website, the Phase One preparations
involve the setup and installation of network interconnections for all
40 government agencies. It also involves the installation of a VOIP or
Voice Over Internet Protocol system and email for all 40 agencies.
"Implementation will be undertaken of selective systems: Nomination of
license, permit, or clearance in each of the 10 agencies; Orientation
and user training for the nominated personnel from the 10 agencies and
selected broker and traders," it said.
The platform would help curb the problem of smuggling, which has
resulted in annual revenue losses of P60 billion for the government. The
NSW would prepare the country for a possible regional single window by
2015, Customs Commissioner Ruffy Biazon said.
The implementation of the NSW is part of efforts to improve the business
environment and governance in the country, he said.
It is also in line with the thrust of the Association of Southeast Asian
Nations (ASEAN) to establish the ASEAN Single Window, aimed to
facilitate trade efficiencies between member countries.
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