Bayad Partners with GoTyme Bank to Revolutionize Bills Payment Services

Bayad, the pioneer brand in the outsourced payment collection system in the Philippines, officially sealed its partnership with GoTyme Bank, one of the country’s fastest growing digital banks.

 

GoTyme Bank is a joint venture between the Gokongwei group of companies and the multicountry digital banking group Tyme. This time, through its partnership with Bayad, GoTyme App enables bills payment services covering household utilities, tollway RFID load, e-loading, telco, internet, government contributions, and many others.

 

Tailor-made for the increasingly e-payment savvy Filipino market, GoTyme App provides the convenience of one-stop-digital-shopping experience.

CHAMPIONING DIGITAL FINANCIAL INCLUSION: GoTyme Bank’s Head of Payments Maria Rosario Aguirre, GoTyme Bank’s Chief Marketing Officer Raymund Villanueva, Bayad Chief Commercial and Marketing Officer Dennis S. Gatuslao, and Bayad Vice President and Head for Commercial Group Bob Conrad B. Aquino.

 

Once customers open a GoTyme Bank account, they can also avail of a free GoTyme Bank Visa debit card in kiosks that are located within the retail footprint of the Robinsons group such as Robinsons Supermarket, The Marketplace, Robinsons Department Store and more across the country.

These GoTyme Bank Visa cards can be used for over-the-counter payments such as shopping and cash withdrawals.

With GoTyme Bank, customers can take advantage by having access to a variety of biller brands powered by Bayad. GoTyme and Bayad App users are also able to transfer funds with each other.

Bayad President and CEO Lawrence Y. Ferrer underscored, “We take pride with our over 3000 biller brands which we are keen of also integrating with our payment channel partners like GoTyme Bank. Bayad has been committed to making digital finance more accessible and easier for Filipinos. Through our partnership with GoTyme Bank, we are optimistic that we will further the financial inclusion in the country.” 

 

GoTyme Bank co-CEO Albert Tinio said, “Through our partnership with Bayad, GoTyme customers can now conveniently pay their monthly bills. They don’t need to take time out of their busy schedules to ensure that their bills are paid on time. Now our users can manage their personal finances from the comfort of their homes.”

 

For fintech institutions like GoTyme Bank that are interested to be part of Bayad’s extensive channel network, you may send an email to partnerships@bayad.com. Bayad enables partners to attain nationwide presence and provides end-to-end support services for efficient payment and collection processing. 

 

Bayad partners with Pisopay.com a cloud-based financial application provider

Bayad, the pioneer brand in the outsourced payment collection system in the Philippines, beefs up its partnership with Pisopay.com Inc., a cloud-based financial application provider taking a more aggressive stance in the e-commerce industry through its remittance and bills payment services.

 

Under the partnership, Pisopay.com will integrate its biller brands with Bayad, allowing Bayad’s physical and digital touchpoints to accept payments for government institutions like Bureau of Quarantine, LTFRB, and selected LGUs nationwide, academic institutions like Philippine Merchant Marine Academy, National Maritime Polytechnic, Baliwag Maritime Academy and Scuola Maria in Batangas, e-commerce business like Palengke.PH, and many others.

CHAMPIONING DIGITAL FINANCIAL INCLUSION: In photo from left to right are Pisopay.com CEO Ariel Surca, Pisopay.com Chairman Jae Jung Jang, Bayad President and CEO Lawrence Y. Ferrer, and Bayad Chief Marketing Officer Dennis Gatuslao.

Bayad President and CEO Lawrence Y. Ferrer shares “We value the way people do payments, and we make sure to highlight security and convenience in our collection service. This is why we are constantly maximizing our cybersecurity measures and upgrading our real time posting features to enhance end to end transaction processing. Through our partnership with Pisopay, we believe that we will be able to serve Filipinos from all walks of life as we elevate their payment experience”

 

Pisopay.com Chairman Jae Jung Jang also shares: "Pisopay is your worry-free financial partner, powering businesses with fast, secure payments, collection, and remittances.We're a one-stop shop, simplifying complex finances through trusted technology. Let us handle your money worries so you can focus on what matters. We respect the value of your hard work, and the least of your worries will be how your transaction is treated, and with our partnership with Bayad, we are assured of double security and a wider reach to our clients nationwide, especially to communities that are unbanked, providing a seamless service, wherever and whenever.”

 

For fintech institutions like Pisopay.com that are interested to be part of Bayad’s extensive bills payment collection network, you may send an email topartnerships@bayad.com. Bayad enables partners to attain nationwide presence and provides end-to-end support services for efficient payment and collection processing. 

 

mWell partners with Bayad to make healthcare accessible to more Filipinos

Metro Pacific Investments Corporation’s (MPIC) mWell, the Philippines’ healthcare mega app announces its partnership with Bayad, the pioneer brand in the outsourced payment collection system in the Philippines and a full-service fintech subsidiary of Meralco. The collaboration is in line with mWell’s efforts to make healthcare accessible to more Filipinos. 

The partnership between mWell, the healthcare mega app by Metro Pacific Investments Corporation (MPIC), and Bayad, a pioneer brand in outsourced payment collection system in the Philippines and a full-service fintech subsidiary of Meralco, aims to enhance accessibility to healthcare for more Filipinos.

As the country’s first fully integrated, fully digital health and wellness platform, mWell provides access to over 1000 highly-trained Filipino partner-doctors —internal medicine doctors, cardiologists, endocrinologists, ophthalmologists, and more. Mind health experts are also available on the app. In partnership with Bayad Center, mWell app users, even those without digital wallets, credit, or debit cards can pay for doctor consultation fees at any Bayad Center nationwide. 

 

To empower even those without smartphones to consult online, mWell Consult Stations have been set up in select Bayad Center branches. Online consultation booths are made available at Bayad Center Gulod, Novaliches, Quezon City and at Bayad Center, Brgy. Kapasigan, Pasig City. Bayad and mWell personnel are also present to help assist customers set an appointment with their preferred physician or other healthcare professionals. 

 

mWell Chairman and MPIC Chairman and CEO Manuel V. Pangilinan says, “Our partners are an integral part of the mWell ecosystem. As we champion wellness and financial inclusivity through this collaboration with Bayad, we will continue with our mission to provide access to quality, affordable healthcare services through our fully integrated, sustainable and future-proof digital platform.”

 “Our goal is to make healthcare affordable, available, and accessible to our countrymen. Through this partnership with Bayad, mWell app users, even those without digital wallets, credit or debit cards can pay for doctor consultation fees at the Bayad Center nearest them. Recognizing the need to help regular wage earners receive expert medical advice, we have set up mWell Consult Stations in select Bayad Center branches. These digital clinics shall empower even those without smartphones to consult with our partner-doctors, enabling them to become healthier and more productive,” said mWell CEO and President and MPIC Chief Finance, Risk, and Sustainability Officer Chaye Cabal- Revilla.

Bayad President and CEO, Lawrence Y. Ferrer shared “As we proactively stay attuned to the digital shift, we also understand that face to face transactions remain to be a comfort zone for others. It’s the trust that a warm body, a familiar face, brings when receiving your hard-earned money. Our partnership with mWell veers towards a more inclusive healthcare system as we enable accessible payment solutions for our stakeholders that represent all walks of life.”

 

“As we push forth our advocacy for wellness and financial inclusivity, we are constantly on the lookout for more opportunities to expand our payment channel network to cater to mWell customers. Apart from enabling them to settle their health consultation, we are offering a one-stop-shop payment solution which covers other services such as electric and water utilities, cable and internet, government contributions, loan payments, credit cards, school tuition fees, online shopping, insurance, and many others.” added Ferrer. 

 

mWell offers patients a seamless end-to-end journey-- from seeing a doctor 24/7 (with only 3 minutes of waiting time), paying for the consultation and even having medicines delivered straight to their doorstep. Free e-prescription, e-medical certificate and lab referral are loaded into the app after consultation. To help ease financial worries, affordable health plans for doctor consultations are easily within reach. 

 

mWell also promotes preventive healthcare. It has an mWellness Score developed by data scientists which measures physical health based on daily activities – exercise, light activity, steps, and sleep.  This serves as a guide to achieving a healthy physical lifestyle to fight against chronic diseases and attain long-term health. Specialized fitness programs and calorie-controlled recipes created by nutritionists are also a tap away. 

Committed to change lives through the power of technology, mWell is the only healthcare app among the convenor organizations and supporting companies of the GoDigital Pilipinas (GDP) movement.

mWell was recently named the winner of two Gold Stevie® Awards in the Innovation in Health & Wellness and Most Innovative Startup of the Year- Business Service Industries categories in the 10th annual Asia-Pacific Stevie Awards. It is the only Philippine entry to bring home the Gold Award in these two categories. Bronze winners include Vietnam, Taiwan, and Australia. 

The two Gold Stevie® Awards come at the heels of being chosen as the Best Mobile Innovation for Digital Life in the 2023 Global Mobile (GLOMO) Awards, held during the Mobile World Congress in Barcelona, Spain. 

As part of the MPIC Group, mWell is committed to working towards the achievement of the UN’s Sustainable Development Goals, particularly SDG 3: Good Health and Well-being. It also supports the MVP Group’s Gabay Kalusugan advocacy focusing on quality and affordable healthcare.

To consult with partner-doctors and access a wide range of wellness features, simply download the mWell PH appfrom the Apple App Store or Google Play Store and register. Follow mWell on Facebook and mwellph on Instagramfor more updates.

PalawanPay partners with CIS Bayad Center to offer an extensive range of payment options

PalawanPay, one of the fastest-growing e-wallets in the Philippines, has officially partnered with CIS Bayad Center Inc. to offer an extensive range of payment options to its growing number of sukis. As the biller aggregator of PalawanPay, Bayad has added 71 biller brands to the PalawanPay App, bringing the total number of billers available on the app to more than 600. These billers cover a wide range of services such as electric and water utilities, cable and internet, government contributions, loan payments, credit cards, school tuition fees, online shopping, insurance, and many others, making it easier for sukis to settle their bills through the app. Gone are the long lines and the inconvenience of bills payment. With the partnership of PalawanPay and Bayad, easier and more accessible financial transactions are made possible.  

In photo (L-R): PalawanPay Finance and Controls Director - Lilian Castro-Selda, PalawanPay Business Executive Officer – Third Librea,  Bayad President and CEO – Lawrence Y. Ferrer, Bayad Chief Commercial and Marketing Officer – Dennis S. Gatuslao

Among the companies included in PalawanPay Billers are MERALCO, Easy Trip RFID, NBI, PSA Serbilis, LTFRB, Maynilad Water Services, Visayan Electric Company (VECO), Davao Light And Power Corporation, Cotabato Light, AIA Philippines (Philam Life), Sunlife Plans, and Grepa Life among others. 

 

"We are constantly on the lookout for more opportunities to expand our biller network in response to the ever-changing needs of our customers. We share our commitment with PalawanPay in financially empowering more and more Filipinos from all walks of life," said CIS Bayad Center, Inc. President and CEO, Lawrence Y. Ferrer.

PalawanPay Business Executive Officer, Third Librea, expressed his excitement about the partnership, "We are pleased to announce our partnership with Bayad as we work towards providing greater convenience to our growing number of sukis. Our objective is to continuously improve our services and add more relevant features to the PalawanPay app. With this partnership with Bayad, we will be able to provide our customers with more options to settle their bills anytime, anywhere."

 

PalawanPay is committed to championing financial inclusivity in the country by continuously improving and adding more relevant features to the app. Now with almost 10 million users of PalawanPay app, the partnership with Bayad is a testament to their brand of service and commitment to their sukis. "At PalawanPay, we remain dedicated to our brand service promise of providing 'Mabilis, Mura at Walang Kuskos Balungos na Serbisyo'," added Third Librea.

PalawanPay and Bayad offer hassle-free and secure bills payment services to various individuals, including homemakers, students living independently far from their families, busy professionals, and business owners who need to manage their finances and pay their bills conveniently without the hassle of physically going to banks.

 

Download the PalawanPay app now from the Apple Store or Google Play Store and become one of the many satisfied sukis who enjoy PalawanPay's fast, secure, and reliable payment services.

 

Bayad Bags Excellence Awards

Bayad made a complete sweep after being conferred with two Excellence Awards during the Pag-IBIG Fund Chairman's Report, held on March 28, 2023 at SMX Convention Center in Pasay City.

Having served the highest contribution on Pag-IBIG Fund’s payment transactions and amount collected for 2022, Bayad was then recognized as a Top Collecting Partner for the Non-Bank Category on its fourth consecutive year. 

Anchored on Pag-IBIG Fund’s continuous promotion of online payments, Bayad has been proactive in  enabling its members to conveniently settle their home loan contributions not only thru Bayad Centers, and its partner network establishments such as leading  supermarkets, department stores, convenient stores, pawnshops, courier services, self-service payment machine providers, banks, and financial institutions, but also through its digital partners, and its own mobile-based application - Bayad App, as well as its web platform – Bayad Online. 

Bayad President and CEO, Lawrence Y. Ferrer underscored “Our drive for excellence is directed towards the belief that Filipinos deserve to be rewarded for their hard work. We share this award with fellow Filipinos who understand the deeper meaning for every payment and contribution made, which is the comfort and peace of mind, for them and their loved ones.”

 (L-R): Pag-IBIG Fund Vice President and Head of Compliance & Chief Legal Counsel – Atty. Marcial C. Pimentel Jr., Pag-IBIG Fund Deputy Chief Executive Officer for Member Services Cluster – Alexander Hilario G. Aguilar, Bayad Biller Solutions Manager for Government Accounts - Barbara V. Romero, Pag-IBIG Fund Chief Executive Officer – Marilene C. Acosta, Bayad VP & Group Head for Regional Operations and Biller Solutions – Meinard D. Cruz, Bayad Biller Solutions Account Officer Jenjane F. Villanueva, Pag-IBIG Deputy Chief Executive Officer for Support Services Cluster - Atty. Robert John S. Cosico, and Pag-IBIG Acting Deputy Chief Executive Officer for Home Lending Operations Cluster - Benjamin R. Felix, Jr.

”We are one with Pag-IBIG in helping our kababayans fulfill their dream of owning a home.”, added Ferrer. 

For government, financial, and banking institutions that are interested to be part of Bayad’s extensive channel network, you may send an email to partnerships@bayad.com. Bayad enables partners to attain nationwide presence and provides end-to-end support services for efficient payment and collection processing. 

 

Bayad partners with Omega Business Consulting, Inc

Bayad, the biggest and widest multi-channel bills payment platform in the Philippines, seals partnership with Omega Business Consulting, Inc. (Omega BCI), a financial management service provider that delivers a robust suite of accounting, auditing, data processing, and integrated software services to its local and international clients in the retail, banking, and fintech space.

Under the partnership, Bayad will continue to boost the bills payment capability of Omega BCI through its web-based application, Paymybills. Today, over 91 billers are already onboarded on the said platform, covering payments for electric and water utility, cable and internet, government contributions, loan payments, school tuition fees, online shopping, insurance, and many others.

 (L-R): Ms. Mary Claire Masangkay – Omega Business Consulting Chief Operating Officer, Mr. Emmanuel Masangkay – Omega Business Consulting President and CEO, Mr. Lawrence Y. Ferrer – Bayad President and CEO, and Mr. Dennis S. Gatuslao – Bayad Chief Commercial and Marketing Officer

Omega BCI President and CEO, Emmanuel Masangkay shares “Paymybills was borne out of the need to help OFWs conveniently pay for their families’ bills back home, and at the same time help them settle for government contributions, enabling them to save and invest for their future. Our partnership with Bayad, excites us as we amplify our shared  passion of helping our kababayans whether locally and globally. The greatest service we can give our stakeholders is not just to share our resources but to enable them to effectively manage their finances. Our aim is to empower people.”

“We need to help Filipinos level up.”, added Masangkay.

From his humble beginnings as an OFW in Papua New Guinea, Masangkay knows very well the value of hard-earned money, which is also the lifeblood of Bayad’s business. 

Bayad President Lawrence Y. Ferrer underscored “We share a collective vision with Omega Business Consulting in elevating the quality of living of our kababayans. All our efforts in Bayad are directed towards the belief that Filipinos deserve to be rewarded for their hard work. We strive to go beyond just providing payment services by empowering families to strengthen their relationships as we drive for borderless financial inclusion.”

For financial institutions like Omega Business Consulting that are interested to be part of Bayad’s extensive channel network, you may send an email to partnerships@bayad.com. Bayad enables partners to attain nationwide presence and provides end-to-end support services for efficient payment and collection processing. 

 

Bayad relaunches partnership with PitakaMo

CIS Bayad Center Inc. (Bayad), the largest multi-channel payment platform in the Philippines relaunches partnership with PitakaMo IT Solutions and Marketing Corporation (PitakaMo), a digital payment service provider of its franchisor brand AllEn One Grocery and Payment Center (AllEn One). 

Gaining foothold in the retail industry, AllEn One has already established over 47 store branches nationwide in just a span of 2 years. As the company thrives through expansion, it continues to offer value added services including a one stop shop bills payment solution, enabled by Bayad’s upgraded system integration with PitakaMo.

Today, AllEn One customers can expect seamless payment transactions with various billers covering services like electric and water utility, cable & internet, government contributions, loan payments, school tuition fees, online shopping, insurance, and many others.

(L-R):   Lawrence Y. Ferrer – Bayad President and CEO, Dennis S. Gatuslao – Bayad Chief Commercial and Marketing Officer, Charles Benedict Mascenon – PitakaMo IT Solutions and Marketing Corporation VP for Operations, and Alexander Benedict Mascenon – PitakaMo IT Solutions and Marketing Corporation President and CEO

 
To top it off, most of these billers offer real-time payment posting allowing customers to pay their bills instantaneously, without delay, 24 hours a day, seven days a week. 

 

Bayad President and CEO, Lawrence Y. Ferrer shared, “We and PitakaMo share the same goal of providing convenient financial services. Together, we’ve enhanced a one stop shop bills payment solution as we respond to the various needs of the customers that we both serve, especially those who are always on the go. Ultimately, we stand with PitakaMo in shaping the future of fintech as we help make payment transactions frictionless, secured, and more accessible to Filipinos.”

PitakaMo President and CEO, Allen Benedict Mascenon added “Our partnership with Bayad Center is vital in providing essential services through our AllEn One Grocery, Pharmacy & Payment Centers nationwide.”

For financial institutions and businesses like PitakaMo that are interested to be part of Bayad’s extensive channel network, you may send an email to partnerships@bayad.com. Bayad enables partners to attain nationwide presence and provides end-to-end support services for efficient payment and collection processing. 

Bayad beefs up its partnership with PLDT Global Corporation

Bayad, a full-service fintech subsidiary of Meralco and the pioneer brand in the outsourced payment collection system in the Philippines beefs up its partnership with PLDT Global Corporation, the international arm of the country’s leading integrated telco company PLDT. 

Under the partnership, PLDT Global’s one-stop-shop payment platform TINBO (Tindahan ni Bossing), enables Filipinos overseas to conveniently settle their bills for Philippine brands that are powered by Bayad. These cover payments for electric and water utility, cable and internet, government contributions, loan payments, school tuition fees, online shopping, insurance, and many others.

(L-R): Ms. Edith Gomez-Cudiamat – PLDT Global VP and Head for Enterprise and International Business Solution, Mr. Albert V. Villa-Real – PLDT Global President and CEO, Mr. Lawrence Y. Ferrer – Bayad President and CEO, and Mr. Dennis S. Gatuslao – Bayad Chief Commercial and Marketing Officer

 

Through TINBO's web-based portal, tinbo.ph that's accessible across Asia, Europe and United States, customers can pay for their bills using any MasterCard or Visa debit card or credit card, or via available payment channels activated in their respective locations.

Successful registration at tinbo.ph will activate a Smart Virtual Number (TINBO Number) for the user. The TINBO number serves as a SIM-less Virtual Smart Mobile Number which allows users to receive calls and texts from family and friends, as well as secured one-time PINs (OTPs) from the Philippines.

Bayad President and CEO, Lawrence Y. Ferrer shared “With PLDT Global, we share a collective vision in elevating the quality of living of our kababayans, as we proactively scale up our real time bills payment services, to provide efficient and accessible one-stop-shop payment solution for our Overseas Filipino Workers and residents. Our partnership aims to ignite borderless connectivity, and promote financial literacy and digital citizenship.”

PLDT President and CEO, Albert V. Villa-Real added “This collaboration with Bayad would help us in providing seamless service to Filipinos overseas. It also strengthens the TINBO platform and enables migrant Filipinos to easily make transactions and conveniently pay for Philippine bills, empowering them to care for their families in the Philippines and strengthening their ties to home, even from afar.”

For financial institutions like PLDT Global that are interested to be part of Bayad’s extensive channel network, you may send an email to partnerships@bayad.com. Bayad enables partners to attain nationwide presence and provides end-to-end support services for efficient payment and collection processing.

 

Bayad bags the Bronze Stevie in the Innovation in Rebranding category

Bayad, the biggest and widest multi-channel payment platform in the Philippines and a subsidiary of Manila Electric Company (Meralco), emerged among renowned marketing brands during the 2022 Asia Pacific Stevie Awards, a premier award-giving program designed to reward and celebrate the positive contributions of organizations and professionals across 29 nations of the Asia Pacific region.

 

Judged by an independent panel of industry leaders and marketing experts, Bayad bags the Bronze Stevie in the Innovation in Rebranding category, where it articulates its brand transformation in its essay entry titled Meralco's Bayad Center to Bayad: How a traditional bills payment brand authority in the Philippines adapted to the digital age.

 

The said essay underscored how the company transformed itself from a traditional over the counter payment center franchisor (Bayad Center) into a full-service fintech company (Bayad), offering a full suite of financial products and services which introduces its own digital channels, the Bayad App and Bayad Online. 

 

“This award is a humble recognition on our continuous drive for innovation as we propel programs that aim to preserve the heritage and equity of our 25-year old business, while also strengthening our advocacies on financial inclusion during this digital age.”, says Wendell P. Labre, Bayad AVP for Corporate Branding & Marketing Services. 

 

Dennis S. Gatuslao, Bayad Chief Commercial & Marketing Officer, also shared “We are deeply honored for this recognition. As the pioneering brand for payments, we have embarked on this rebranding journey as we aim to intensify digital trust among our stakeholders and adapt to the ever-changing needs of the communities that we serve.”

 

Bayad’s President and CEO Lawrence Y. Ferrer added, “Winning the Bronze Stevie is a testament of our customer-centric initiatives aligned with our proactive move for digital innovation. We continue to strategize and build on our brand agility as we uphold to our mission of bringing quality financial services closer to Filipinos.”

 

Bayad partners with Glyph

Bayad, a full service fintech company and the country’s authority in bills payment has established partnership with Glyph, one of the largest mobile and web service providers in the Philippines that enables loading, data analytics and delivery applications for various businesses.

photo (L-R): Mr. Lawrence Y. Ferrer – Bayad President and CEO, Mr. Gerardo Amisola - Glyph President and CEO, Mr. Dennis S. Gatuslao - Bayad Chief Commercial Marketing Officer, Mr. Constante de Luna, – Glyph Product Manager

Through the partnership, Bayad will beef up the bills payment capability of Glyph, helping it power its e-commerce distributor channel, HanepBuhay.

With 46 store branches nationwide, otherwise known as Negosyo Centers, Hanepbuhay will now enable a one-stop-shop payment solutions covering basic utilities such as electricity and water, cable & internet, to government contributions and loan payments, school tuition fees, online shopping, insurance, and many others.

Furthermore, Bayad President and CEO, Lawrence Y. Ferrer emphasized on Bayad’s real-time payment posting feature as he shared, “We at Bayad are always looking for new ways to streamline processes that will enhance the customer experience. We leverage on the use of real-time electronic payments as we aim to provide convenience to our customers and drive forward digital financial literacy in the ever-changing economic landscape.

Ferrer added, “We partnered with Glyph to make financial services more accessible to Filipinos as we aim to achieve an optimal level of financial inclusion.”

 

Glyph President and CEO Mr. Gerardo Amisola also shared “Through our partnership with Bayad, we are confident that we will be able to provide our distributors with opportunities to advance their payment systems, making it more accessible for Filipinos. Our partnership plays a pivotal role in educating more communities on the efficiency and convenience of adapting to digital financial solutions.”

Cebuana Lhuillier boosts its bills payment services through its partnership with Bayad

 Cebuana Lhuillier, one of the leading micro financial service provider companies in the Philippines, boosts its bills payment services through its intensified partnership with Bayad, a trusted multi-channel payment solutions.

Meralco bills can now be paid conveniently in more than 3,000 Cebuana Lhuillier branches. 

“Cebuana Lhuillier has always been committed to offer efficient micro financial solutions to our clients, and partnering with the biggest and widest multi-channel payment platform in the country will surely optimize one of our essential services. As we continue to expand our network and improve our digital payment facilities, we will provide our clients more convenient options for their bills payment needs,” Cebuana Lhuillier President and CEO Jean Henri Lhuillier shared.

Cebuana Lhuillier targets to onboard more biller brands through Bayad’s extensive network of bills partners that will eventually extend across Cebuana Lhuillier’s digital platform, enabling an easier, more efficient, more convenient, and seamless one-stop shop solution for its clients.   

Bayad President and CEO, Lawrence Y. Ferrer, shared that “Bayad’s partnership with Cebuana Lhuillier ultimately amplifies our vision of elevating the quality of living of Filipinos as we usher in more real time bills payment services.  We are committed to empower businesses like Cebuana Lhuillier by sharing our vision and strategy in advocating for digital financial inclusion.”

For fintech institutions that are interested to be part of Bayad’s extensive channel network, you may send an email to partnerships@bayad.com or  call  at +63 998 963 7880.  Bayad enables partners to attain nationwide presence and provides end-to-end support services for efficient payment and collection processing.

Bayad is now PCI DSS certified

Bayad continues to trailblaze the fintech industry being the trusted brand in the outsourced payment collection service in the Philippines. Having aggregated a multitude of billers that are now being used by more than 100,000 physical touchpoints and leading digital and mobile platforms across the country, the company has enhanced and intensified its cybersecurity initiatives to maintain its robust system. 

Last February 23, 2022, Bayad was able to obtain its Payment Card Industry Data Security Standard

(PCI DSS) Certification. PCI DSS is an information security standard for all business entities that handles card information. The said security standard certification was thoroughly assessed by SISA, a forensics-driven cybersecurity company specializing in risk assessment, security compliance & validation, monitoring & threat hunting, as well as training for various payment security certifications. With SISA’s impeccable credibility, the assessment has proven that Bayad provides reliable service solutions. Bayad has deployed multi-factor authentication, key management system, data at rest encryption, secure wipe solutions, and web application firewall that are critical features in passing for the said data security standard certification.

 

According to Bayad Chief Information Security Officer, Mel Migriño, “This milestone is a validation of Bayad’s upgraded cybersecurity posture. Bayad has undertaken unprecedented efforts to address the growing cyber risks in the financial services industry. Hence, this feat is imperative in providing assurance to our customers that digital trust is paramount for Bayad.”

Bayad President and CEO, Lawrence Y. Ferrer also shared. “The cybersecurity measures we implement enables us to confidently innovate and co-create projects with various stakeholders centered on our goal of maintaining a frictionless customer experience. We value the trust that our customers and our partners give us, that is why we want to make sure that we follow a holistic approach to system design that incorporates technical safeguards.”

Bayad Bags Pag-IBIG Fund’s Top Collecting Partner Awards

Bayad was recently recognized as Pag-IBIG Fund’s Top Employer Remittance Collecting Partner and Top Individual Payor Collecting Partner for 2021, during the Pag-IBIG Fund Chairman’s Report held last February 23, 2022.

Gaining almost a million increase in transaction volume covering both digital and over-the-counter payments from 2020 to 2021, Bayad and Pag-IBIG Fund’s partnership has sparked a conversation on the future of payments.

(L-R): Mr. Chito P. Inza – Cruz, Bayad Chief of Products, Mr. Francispito P. Quevedo - Bayad Senior Vice President and Chief Operating Officer, Mr. Lawrence Y. Ferrer - Bayad President and CEO, Mr. Aldous N. Brigino - Bayad Strategic Partnerships and Alliances Head, and Mr. Dennis G. Gatuslao – Bayad Chief Commercial Marketing Officer.

Currently, Pag-IBIG Fund members can settle their payment and remittance transactions through Bayad’s 92,000 physical touchpoints inclusive of Bayad Centers and Bayad Partners. Aside from this, downloading the Bayad Mobile App or accessing Bayad Online directly on the internet, makes it possible for Filipinos to transact wherever they may be.

Putting a spotlight on these service solutions, Bayad is shaping sustainable processes not only for private corporations, but also for government institutions like Pag-IBIG Fund.

Bayad President and CEO, Lawrence Y. Ferrer shared “Despite, the impediments brought about by the pandemic, our partnership with Pag-IBIG Fund strengthened as we ensure that no hardworking Filipino is left behind in a growing digital economy. Our transaction volume has significantly increase, which only proves that we are on the right track in keeping pace with the times and the people we serve.”

In the years ahead, Bayad will continue to acquire more channel partners to serve millions of Pag-IBIG Fund member. This will enable a wider array of bills payment services including electric utility, water utility, e-loading, insurance, electronic toll collection, airline booking, medical reimbursements, and other governmentservices.

Moreover, Bayad has upgraded its digital infrastructure and cybersecurity measures, making transactions with Pag-IBIG Fund protected and seamlessly settled with real-time posting.

Ultimately, Bayad has continued to collaborate with Pag-IBIG Fund in the pursuit of building a financially resilient society.

As catalyst for economic development, Bayad is committed to elevate not only the payment experience itprovides, but also to usher in the rise of public initiatives that will help Filipinos navigate new opportunitiesand adapt with the uncertainties posed amidst the time of pandemic.