Bayad strikes alliance with Pisopay.com, powering bills payment services

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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.

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.

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.

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 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 And Ventaja, Elevating Digital Financial Solutions for Filipinos Overseas

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In an effort to make greater strides in the country’s digital payment transformation, CIS Bayad Center, Inc. (Bayad)– the pioneer brand in the outsourced payment collection system and a full-service fintech subsidiary of Meralco – has officially renewed its partnership with Ventaja International Corp., a fintech institution, initially developed as a telecom prepaid card provider for Filipino migrant workers based overseas, and is now offering a variety of financial services such as remittance, loading and bills payment services for both government and household utilities, all of which, are powered and supported by Bayad’s robust biller aggregator system.

CHAMPIONING DIGITAL FINANCIAL INCLUSION: Executives of Bayad and Ventaja on their partnership signing. Seen in the photo (from L-R) are Ventaja Chief Operations Officer Zaida G. Batallones, Ventaja Chief Executive Officer Vincent Paul D. Grey, Bayad President and CEO Lawrence Y. Ferrer, and Bayad Chief Commercial and Marketing Officer Dennis S. Gatuslao.

Bayad brings in Meralco, Autosweep, Easytrip, SSS, and many others biller brands in Ventaja’s mobile application called Payremit and through Ventaja’s domestic and international payment centers. With this, even Filipinos overseas can be able to help settle their families’ bills in the Philippines and regularly pay for their government contributions at the same time.

Bayad President and CEO Lawrence Y. Ferrer shared, “We continue to expand our payment footprint globally, as we aim to elevate the payment experience of our kababayans. Our goal is centered on boosting their financial wellbeing, as we help them seamlessly settle their families’ bills in the Philippines, and at the same time, invest for their future through government contributions.

“We are with Ventaja in helping OFWs strengthen their ties to home, and we highly value every story of hard work that our kababayans experience before they are able to provide for their families’ needs back home”, added Ferrer.

Ventaja President and CEO Vincent D. Grey also shared “We are thrilled and grateful for our renewed partnership with Bayad as we both maximize the opportunity to offer enhanced payment services to Filipinos overseas. This way we can further financial inclusion and help boost the country’s economic growth.”

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

Bayad Bags Excellence Awards during Pag-IBIG Fund’s Chairman’s Report for 2022

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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.

In photo (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.

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.”

”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.

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About Bayad

Bayad is the pioneer and trusted brand in the outsourced payment collection service in the Philippines, aggregating a multitude of billers into a robust system that is now being used by more than 100,000 physical touchpoints and leading digital and mobile platforms across the country. Formerly known as Bayad Center, it continues trailblaze the industry as it evolves from an over-the-counter payment center into a full-service fintech company, offering a whole suite of financial products & services available to both consumers and businesses.

Bayad and PitakaMo Relaunches Partnership, Strengthening Its One Stop Shop Bills Payment Solution

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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).

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

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.

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, Alexander 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.

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About Bayad

Bayad is the pioneer and trusted brand in the outsourced payment collection service in the Philippines, aggregating a multitude of billers into a robust system that is now being used by more than 100,000 physical touchpoints and leading digital and mobile platforms across the country. Formerly known as Bayad Center, it continues trailblaze the industry as it evolves from an over-the-counter payment center into a full-service fintech service company, offering a whole suite of financial products & services available to both consumers and businesses.

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About PitakaMo

PitakaMo IT Solutions and Marketing Corp offers AllEn One Grocery, Pharmacy & Payment Center. It is an affordable “all-en-one” franchised business that uses technology and innovations to better serve the needs of its community and expand its customer reach. Perfect for first-time entrepreneurs. It is a branded convenience store, with pharmaceuticals, money transfer, bills payment, e-loads, insurance, travel & tours, and ATM services. It comes with an ALLEN ONE Retailer App for the wholesale part of your business.

Bayad awarded as SSS’ 2022 Balikat ng Bayan Best Collecting Partner

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Bayad, the pioneer and the most trusted brand in the outsourced payment collection industry in the Philippines, and now a full-service fintech subsidiary of the biggest power conglomerate in the country – Meralco, was recently conferred as SSS’ Best Collecting Partner under the non-bank category during the 2022 Balikat ng Bayan Awards.

In photo (L-R): SSS Commissioner - Jose C. Julio, Representing Workers' Group, SSS President and CEO - Michael G. Regino, Bayad VP and Head for Biller Solutions – Anely P. Aviles, Bayad VP & Group Head for Regional Operations and Biller Solutions - Meinard D. Cruz, SSS Commissioner Diana Pardo-Aguilar, Representing Employers' Group, and SSS Commissioner Bai Norhata M. Alonto, Representing Workers' Group

The said award giving body has been established since 1995 and has continued to recognize individuals, employers, and organizations that significantly contributed to SSS’ pursuit of its mandate, which underpins the importance of saving and investing among its members and their beneficiaries.

This 2022, SSS puts Bayad to spotlight, acknowledging the company’s consistent compliance of accurate and timely collection reports as well as its active participation in the integral programs of the institution. Apart from these, Bayad breaks records with a 9% growth rate increase in SSS contribution transaction volume from 2021 to 2022, which substantiates how Bayad ceaselessly scales up its physical and digital payment touchpoint to deliver a one stop shop payment solution to its customers. With this, SSS members can now conveniently access other bills payment services covering for various government contributions, loan, electric and water utilities, cable & internet, tuition fees, online shopping, insurance, and many others. This payment experience is also backed up by Bayad’s real-time posting feature, allowing SSS members to process and monitor instant and seamless contribution payments.

Bayad President and CEO, Lawrence Y. Ferrer underscored “All of our efforts in Bayad are directed towards the belief that Filipinos deserve to be rewarded for their hard work. We will stand with SSS in every step of the way as we elevate the financial experience of its members through convenient and secured payment transactions.”

For government, financial, and banking institutions that are interested to be part of Bayad’s extensive biller and payment 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. ###

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About Bayad

Bayad is the pioneer and trusted brand in the outsourced payment collection service in the Philippines, aggregating a multitude of billers into a robust system that is now being used by more than 100,000 physical touchpoints and leading digital and mobile platforms across the country. Formerly known as Bayad Center, it continues trailblaze the industry as it evolves from an over-the-counter payment center into a full-service fintech company, offering a whole suite of financial products & services available to both consumers and businesses.

Bayad and DepEd, Empowering Filipino Youth Through Financial Literacy

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Based on the 2021 Financial Inclusion Survey by the Bangko Sentral ng Pilipinas, the number of Filipino adults without savings increased to 63% from 47% in 2019, partly attributed to the global health crisis that may have reduced household income or increased medical expenses.

The BSP added that the percentage of savers significantly declined, particularly among adults in the National Capital Region, South Luzon, and Visayas regions. “The lower incidence of savings in 2021 was recorded across geographical areas except in Mindanao, which registered an increase and surpassed all areas,” the report said.

It is in this light that Bayad, formerly known as Bayad Center -- the pioneer and industry-leader in bill payments, and the Department of Education (DepEd), advocating a financial mindset that everything must be economically and sufficiently enough, launched a comprehensive school program aptly called “Bayad: Sapat Dapat”. This advocacy reinforces the importance of financial literacy and management in the formation years of Filipino students.

Culminating the 5-year program was the recently concluded Sapat Dapat Quizbee on Financial Literacy, where majority of the secondary public and private schools in all divisions of Region 7 and Region 4A participated. The eliminations started last February 2022, with remaining 45 students competing for the finals, held virtually last September 8, 2022 under the supervision of DepEd, Bayad, and Marylindbert International, Inc.

After a series of case studies and questions on financial management, savings, and priority-setting, the City of Bogo Science and Arts Academy from Bogo Cebu emerged as this year’s Quizbee Champion, represented by its Grade 9 student, Angel L. Mollona and coach Natasha Jane Y. Estrera.

Angel shares “Ang pag-apil sa Sapat Dapat Quiz Bee sa Financial Literacy magahatag sa atong mga estudyante og maayong pagsabot sa sukaranang mga prinsipyo ug ideya kon unsaon pagdumala sa kuwarta sa wais nga pamaagi, ug sa samang higayon naga-andam kanato alang sa umaabot diin kini nga mga leksyon magamit kanato sa pagtukod ug kaugalingong pamilya ug karera.” (“Participating in the Sapat Dapat Quiz Bee on Financial Literacy gives us students a good grasp on basic principles and ideas on how to manage our money wisely, and at the same time prepares us for a future where these lessons can be applied when we build our own families and career.”)

Joining Angel in the roster of financial literacy champions are 2nd place winner - Maria Theofannie P. Alviola of Ramon Teves Pastor Memorial Dumaguete Science High School, 3rd place winner - Marcus L. Cionello Jr. of Mabolo National High School, 4th place winner – Ivan C. Bunaos of Babag National High School, and 5th place winner - Mariel Miculob of Tabalong National High School.

Cebu City Education Program Supervisor and School Governance Operations Division OIC Chief, Lyra L. Illaga shares, “We are grateful for Bayad and Marylindbert International for inviting us to be a part of the Sapat Dapat Comprehensive School Program Financial Literacy Quiz Bee. We are looking forward for a continuous collaboration as we open more doors in the development of our learners. Essentially, financial education is key in attaining youth empowerment and economic well-being, para sa bata para sa bayan.”

Bayad and DepEd’s Sapat Dapat Comprehensive School Program is on its 3rd year of molding future financial leaders in the Grades 9 to 12 students of 40 adopted schools in Regions 7 and 4A.

“We envision the Sapat Dapat program as a tool that will equip our students with the proper knowledge on budgeting and money matters, as these will significantly help in their financial decisions later on. By teaching both children and adults the value of financial literacy, we become instrumental in empowering Filipinos and bringing the nation’s financial awareness to the next level. This is the bigger picture. This is what we stand for,” shares Mr. Wendell P. Labre, Bayad’s AVP and Head for Corporate Branding & Marketing Services.

Bayad Chief Commercial and Marketing Officer, Dennis S. Gatuslao added, “We at Bayad recognize the role of the youth as catalysts for our economic resiliency. We will continue to strengthen our partnership with the Department of Education as we aim to broaden the provision of relevant and inclusive financial education. “

Bayad President and CEO, Lawrence Y. Ferrer also shared, “All of our efforts in Bayad are directed towards elevating the standard of living of our kababayans. We continue to push forward our cause through the Sapat Dapat Comprehensive School Program, understanding that our youth are the key drivers in nurturing a sound financial culture. We are thankful to the Department of Education for giving us the opportunity to carry on this initiative and give back to the communities that we serve.”

Bayad and Cebuana Lhuillier Intensifies Partnership By Offering Real-Time Bills Payment Services

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Bayad, the trusted multi-channel payment platform provider in the Philippines and Meralco’s full service fintech subsidiary has intensified its partnership with Cebuana Lhuillier, one of the leading micro financial service provider companies in the Philippines. Through its proactive alliance, Bayad enables Meralco bills payment in over 3,000 Cebuana Lhuillier branches across the country.

Apart from Meralco, Cebuana Lhuillier targets to onboard more biller brands through Bayad’s extensive network of biller 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 “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”.

Cebuana Lhuillier President and CEO Jean Henri Lhuillier also stressed. “Cebuana Lhuillier has always been committed to offer convenient 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.”

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 a nationwide presence and provides end-to-end support services for efficient payment and collection processing.

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

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Last February 23, 2022, Pag-IBIG Fund held its Annual Stakeholders’ Awards during its Chairman’s Report as it honors its top collecting partners for the year 2021.

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.

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, recognized as Pag-IBIG Fund’s Top Collecting Partner for two categories: (1) for Pag-IBIG Individual Payors (2) for Employers’ Remittances

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 photo (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.

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 government services.

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 it provides, but also to usher in the rise of public initiatives that will help Filipinos navigate new opportunities and adapt with the uncertainties posed amidst the time of pandemic. 

M Pioneer Insurance now available at Bayad

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Bayad, the biggest & widest multi-channel payment platform in the Philippines, and M Pioneer Insurance Inc., a non-life, health and travel insurance provider, have recently entered into a partnership to bring insurance protection closer to every Filipino in this time of global health crisis.

Photo shows (from upper left to right) Bayad President and CEO Lawrence Y. Ferrer; MPioneer President and CEO, Gerardo P. Castañeda; (from lower left to right) Bayad Chief Product Officer, Edward Joseph Inza-Cruz and Assistant to the President and CEO, Atty. Maria Olivia C. Valera

Since 2019, M Pioneer has been part of Bayad’s extensive biller network, empowering policy holders with wider payment options and convenience. Furthering this service, M Pioneer products can now be easily availed through Bayad Centers and soon through Bayad’s digital channels.

M Pioneer has an extensive line-up of insurance products designed to safeguard individuals, families and businesses against unforeseen risks. Its product range includes protection for Property, Motor, General Accident Line, Marine, Surety, Homeowner’s and packaged insurance products in addition to health and travel insurance.

Formerly known as Republic Surety & Insurance Company, Inc. (Republic), M Pioneer is a joint venture between Pioneer Insurance & Surety Corporation (Pioneer) and Manila Electric Company (MERALCO). Putting customers at the heart of what they do, M Pioneer continuously reach out to their customers and provide a better service. Its partnership with Bayad will enable them to fully respond to the various needs of their target market.

“We develop relevant products and look for the right partners who share our goal to bring insurance to Filipinos from all walks of life. We are glad to move closer to this goal with Bayad as its network and reach allow us to offer affordable insurance to more customers across the country,” said M Pioneer President and CEO, Gerardo P. Castañeda.

Meanwhile, according to Bayad President and CEO, Lawrence Y. Ferrer, “This partnership enables us to further the financial services that we offer on top of bills payment. We see insurance, particularly this pandemic, to be a very relevant service. With our resources combined, we aim to create meaningful impact especially for the underserved and unbanked communities.”

With M Pioneer insurance products now available at Bayad Centers located nationwide, more Filipinos can buy and pay their insurance conveniently. In the coming months, this service will also be available in the Bayad App, an all-in-one pera transaction mobile app and Bayad Online, an extension of Bayad Centers that offers the same safe, hassle-free, and reliable payment acceptance that is available 24/7 for our kababayans and can be accessed anywhere from the world.

Through this partnership, peace of mind and preparing for the future is made easy and more convenient. Filipinos can now be insured in the easiest way possible, helping them achieve peace of mind as they prepare for the future.

To be part of Bayad’s extensive network, contact bcs@bayad.com or call +63 998 962 4552. For businesses interested in leveraging Bayad's multi-channel network and seamless bills payment solutions, they may reach out to billeronboarding@bayad.com, call +63 998 963 7880 or fill out Bayad’s biller onboarding form to get started: https://link.bayad.com/BeABayadBiller.