Bayad is now PCIDSS 4.0 certified, elevating payment security standards in the Philippines

CHAMPIONING CYBERSECURITY EXCELLENCE: In photo (from left to right): Bayad Chief Information Officer / Security Officer – Rocky D. Bacani, SISA Philippines Country Head Etika Mehta, Bayad President and CEO – Lawrence Y. Ferrer, and Bayad Deputy Chief Information Security Officer – Rolly N. Bañez.

With the fast-growing fintech network in the Philippines, Bayad continues to trailblaze in the industry as an outsourced bills payment collection service provider, enabling a one-stop-shop payment solution for its consumers.

Formerly known as Bayad Center, the company has rebranded to Bayad, transforming into a digital first institution which offers a full-range of services made available for consumers and enterprise. From its own brick-and-mortar business model, Bayad has expanded its payment ecosystem by connecting a multitude of billers with leading establishments and e-money players in the country.

Today, Bayad stands as a fintech subsidiary of Meralco, the largest electric distribution utility company in the Philippines.

Bayad Champions Financial Inclusion with Quezon City Local Government

 Residents of Quezon City together with honorable Mayor Joy Belmonte, and representatives of Meralco and Bayad during the QC Pangkabuhayan program.

Bayad, the pioneer brand in the outsourced payment collection system in the Philippines, together with its parent institution MERALCO, ties up with the local government of Quezon City as it holds its flagship livelihood training program “QC Pangkabuhayan”.

Now on its third year, the said event was held last January 23 to 25, 2024 at Serbisyong Bayan, Batasan Hills, Quezon City and at Quezon City Municipal Hall.

Over 2,400 residents participated in the event and were trained with effective ways in starting a business. Alongside this, Bayad introduces Bayad Asenso, an easy-to-use bills payment and loading business mobile application enabling micro-entrepreneurs to become Bayad Agents in their communities and earn additional income.

Bayad Powers the Bills Payment Services of GoTyme Bank

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.

BAYAD Strikes Alliance with PISOPAY.COM, Powering 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.

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.

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 and Omega Business Consulting seals partnership, driving forth real-time payments

 

In photo (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

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.

Bayad partners with Quezon City Government for ‘Trash to Cashback’ Program

In  photo (L-R): Mr.  Dennis Gatuslao, Chief Commercial and Marketing Officer of Bayad; Mr. Francispito Quevedo, Senior Vice President and Chief Operating Officer of Bayad;Hon. Ma. Josefina G. Belmonte, City Mayor of Quezon City; Mr. Ferdinand O. Geluz, First Vice President & Chief Commercial Officer of CRS, Meralco, and Ms. Isabelita Paredes Mercado, President of BEST, Inc.

As the country’s trusted authority in real-time bills payment services, Bayad has recently partnered with the Quezon City Local Government to foster a waste trading program called, “Trash to Cashback.”

Launched in March 2021, the "Trash to Cashback'' program of the Local Government Unit of Quezon City aims to encourage their residents to exchange various recyclables with essential goods at the LGU’s My Basurero Eco-Community Kiosks. Branded as Eco Warriors, QC residents are able to make their transactions by logging in their Environmental Points, otherwise known as EPs, via BeepXtra’s platform. 

The latter, being a trusted name in developing cloud-based loyalty programs, works hand in hand with Bayad and the QC LGU to broaden the benefits of the “Trash to Cashback” program.

BSP grants EMI license for Bayad App

In the face of an expanding digital economy and the country’s aim to become a cash-lite society, Bayad, the Philippines’ most trusted payment authority, obtained its license to operate as an Electronic Money Issuer (EMI) from the Bangko Sentral ng Pilipinas.

The EMI license authorizes the company to deliver e-wallet services through its newly revamped all-in-one pera transaction app, Bayad. The accreditation allows the company to convert consumers’ cash into electronic money which they can use to transact online to pay bills, remit money, purchase mobile load, and shop for products and services in partner merchant stores. In addition, customers can withdraw and add money to their Bayad wallets through online bank transfers and over-the-counter Bayad Centers.

Bayad App customers can soon expect to pay over 1,000 types of bills – from utilities, insurance, government contributions and services, and more – a service that has long been enjoyed by payers transacting through Bayad’s over 45,000 physical touchpoints nationwide. Other valuable services such as QR payments, rewards, insurance, savings accounts, personal loans, and credit scoring will also be enabled.