Sunday, November 5, 2023

Bayad And Ventaja, Elevating Digital Financial Solutions for Filipinos Overseas

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

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 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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