The need for a more robust payment and settlement system heightens as the country moves toward revitalizing economic activities, according to Bayad, formerly known as Bayad Center, the Philippines’ biggest and widest multi-channel payment platform.
As such, the company continues to strengthen both physical and digital channels to broaden access points for Filipinos to settle obligations and better manage their finances amid the health and economic threats of the ongoing pandemic.
Bayad has partnered with BTI Payments Philippines, operator of Pay & Go, a leading self-service payment kiosk that provides consumers the advantage of going digital by supporting cash transactions processed real-time. BTI Payments is certified by the Bangko Sentral ng Pilipinas and also serves as an independent ATM developer fully accredited by BancNet.
With the partnership, Bayad will be powering the bills collection capability of Pay & Go, enabling users to access its extensive aggregate of billers including household utilities, insurance, loans, government services, and more.
About 1.5 million unique customers are actively transacting through 800 Pay & Go self-service kiosks strategically deployed nationwide in strategically located areas such as Mercury Drugstores, EverPlus Supermarkets, Super8, Converge Business Centers and many more.
Bayad President and CEO, Lawrence Ferrer explains “Bayad continues to evolve based on the ever-changing payment needs of Filipinos. The current situation allows us to partner with institutions like Pay & Go such that different errands, including payments, are completed in one go. This creatively digitalizes and elevates the physical payment experience of our kababayans. Powering Pay & Go’s self-service kiosks not only allows us to help deliver greater payment convenience to Filipinos, but also financial freedom knowing that they can transact wherever and whenever they need to.”
BTI Payments Country Manager and Managing Director Dan Ibarra also expressed, “We are pleased to be part of Bayad’s continuing initiative to expand its reach through our digital kiosk solution. Our shared goal is to be able to bring financial services closer to consumers especially the underserved communities in the country.”
For both companies, making payments easily adaptable to the new normal way of life can give payers peace of mind, optimism, and confidence that they can continue to avail of products and services they need to survive and recover during these trying times.
Bayad remains focused on serving the evolving needs of next generation payers by co-creating meaningful financial services with companies, positively contributing to the improvement of the country’s financial sector. Recently, Bayad rebranded with a new name, logo, and intensified commitment to be bigger, better, and younger in terms of continuously expanding its network, service, solutions portfolio, and on-site-to-online (O2O) platform.
Further to its rebranding, Bayad introduced its all-in-one pera transaction mobile app also called Bayad, and its new online payment facility, Bayad Online. This reinforces Bayad’s more than 45,000 over-the-counter payment touchpoints nationwide, offering the same safe, hassle-free, and reliable payment acceptance that Bayad has been known for.