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The Securities and Exchange Commission of Pakistan (SECP) on Friday launched online payment facility for its stakeholders, a statement said.

An arrangement has been made with the MCB Bank Limited, whereby the MCB customers can make payments to the commission through its internet banking facility, it said.

Now, the customers with MCB Bank accounts can make payments to the SECP through online funds transfer facility without the hassle of visiting a bank or the SECP offices.

Online filers of the SECP can submit their documents through eServices and generate challan for payment, as per the previous practice, it said.

Upon generation of challan, the user will log into his internet banking account with the MCB and make payment to the commission using the challan number generated by the SECP’s eServices, the statement said.

It also said that with the launch of online payment facility, it is now possible for the stakeholders sitting anywhere in the country, having internet facility, to make filing and related fee payment.

Since the launch of eServices by the SECP in 2008, online payment facility was considered the only hurdle in providing complete online solution for the stakeholders.

Now, with the launch of this facility, the SECP has achieved an important milestone, which sets it at par with the global regulators in terms of facilitation extended to the end users, it said.

In addition to the launch of online payment facility through online fund transfer, the SECP is also working on adding more modes of online payments, such as credit and debit card for facilitating the stakeholders, the statement said.

To extend facilitation to the stakeholders, the SECP had taken a number of steps in the past, such as placement of model memorandum and articles of association on its website, online filing facility (eServices), online company name search facility, almost 50 percent less fees for online filers, online company profile search, fast-track registration services, and guidebooks to name a few, it added.

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Quelle/Source: The News International, 12.04.2014

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