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Electronic payment system readied for 1,502 municipalities
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Khalid Ataya, chief executive officer of the SkyMark Financial, owner of the Vancouver-based PayGen International and the international card association Cashless Card, arrived yesterday to launch an electronic payment system that is expected to speed up the delivery of social and economic services in the country’s 1,502 municipalities under the auspices of the League of Municipalities of the Philippines (LMP).

Ataya, accompanied by his executive assistant for worldwide operations Jennifer Cordes, executive director David Lema, International Operations manager Laura Patton, USA Operations head John Tudor, and Business Development head Ruedi Gosteli, will meet with local partners, ASECNet, Inc., and launch their joint-venture partnership, Cashless Card Philippines, with the LMP to help municipal mayors in undertaking the e-Community project.

ASECNet is a subsidiary of ASEC, a local company involved in modern banking technologies, and commissioned by the United States Agency for International Development (USAID) to develop an electronic banking system for the country’s rural banks.

Binalonan, Pangasinan Mayor Ramon Guico Jr., LMP president, said the eCommunity Project, a unified and cost-effective end-to-end electronic solution for government, trade and commerce, banking and telecommunications, will boost the efficiency in the delivery of social and economic services in various municipalities nationwide, regardless of size and location.

ASECNet president Florentino A. Roque said the project, which will be implemented primarily by the municipal governments and rural banks, will connect the engines and drivers of countryside mobilization, particularly the municipal economic and financial infrastructure, and the Overseas Filipino Workers (OFWs) and entrepreneurs, whose remittances and investments boost the local economy.

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