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GCash e-payments for BIR taxes soars by 286% in 2020
GCash, the undisputed leader and preferred mobile wallet in the Philippines, continues to promote being a one-stop shop for government collections, as it further drives growth on e-payments for the Bureau of Internal Revenue (BIR).
GCash e-payments for BIR taxes soars by 286% in 2020 leading to close to PHP 1.5 billion in tax collections, signifying a shift in user behavior, where customers find it more convenient to pay digitally using the GCash app instead of visiting physical locations.
“Government online transactions should further grow this year, similar to what we’ve observed in 2020. This trend shall continue not only because of health and safety interests against the pandemic, but also because online payments are more convenient, and has been proven to be one of the most efficient methods for transacting with the public sector,” said Martha Sazon, President and CEO of GCash.
Safety and Convenience drive 2x growth in Tax payments via GCash in H1
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