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.
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.
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 over 400,000 physical touchpoints as
well as millions of customers of leading digital and mobile platforms across
the country. Formerly known as Bayad Center, it continues to 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.
About Ventaja
Ventaja International Corp. is a fintech company with a remittance
license from the Philippines, and is consistently recognized as the
government's largest overseas collection partner for SSS, Pag-IBIG and
Philhealth. Partnering with Bayad also allows Ventaja to collect payments for
Meralco, DFA, NBI and other billers. Over the years, Ventaja strived to expand
its network of collection agents in the Middle East, Asia, and Europe.
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