CatSU to implement digital payments for all transactions
SETTING AND INFRASTRUCTURE (SI)Catanduanes State University
(CatSU) will soon transition to digital payments for all financial transactions
following the recent approval of a Memorandum of Agreement (MOA) with the Land
Bank of the Philippines by the CatSU Board of Regents (BOR).
The Board approved the proposal
from Finance and Administrative Team on November 6 for adoption, which aims to
modernize CatSU’s financial processes, enhance operational efficiency, expand
financial inclusivity, and provide a secure and convenient experience for
students, faculty, and service providers.
Specifically, the agreement
involves the digitalization of CatSU’s collection, disbursement, and payment
systems, aligning with Executive Order No. 170, s. 2022, which mandates the
adoption of digital payments for government transactions.
