Bayad President and CEO, recognized as one of the 2024 Top Filipino Innovators

 Lawrence Y. Ferrer, Bayad President and CEO, has been recognized as one of the Top Filipino Innovators in the recently concluded 2024 Mansmith Innovation Awards.

Organized by Mansmith and Fielders Inc., a leading marketing consultancy company in the Philippines, the said awarding event aims to highlight exceptional Filipino innovators who significantly empowered industry breakthroughs such as digital transformation, business model innovation, and market-driving strategies.

The Mansmith Innovation Awards featured two distinct categories: Master Innovator and Enterprise Innovator. Master Innovators are industry leaders that have attained profitable scale, category leadership and sustainable impact, while Enterprise Innovators are rising stars who have shown potential for growth and capacity for profitable success.

In line with this, Ferrer has been recognized among Master Innovators, highlighting his impact in steering the digital transformation of Bayad, the pioneer brand in the outsourced bills payment collection service in the Philippines.

Formerly known as Bayad Center, the company now stands as a fintech enterprise, integrating biller networks and payment channel providers. With this, Bayad enables a one-stop-shop customer experience, while facilitating seamless real-time transactions for electric and water utilities, cable and internet, loan payments, credit cards, school tuition fees, online shopping, insurance, or government fees. This innovation has continued to cater to Filipinos from all walks of life especially to the “now generation” who are constantly looking for instantaneous ways to settle their payments.

“Bayad is one with both private and government institutions in structuring financial services that will enable business interconnectivity and foster economic resiliency of our country.” shared Ferrer.  

“Pivot or perish.” added Ferrer as he urges the digitalization of payments in the Philippines.

MVP Group’s DigiCo invests in Bayad, driving digital financial inclusion in PH

 PLDT Inc, Manila Electric Company (Meralco), and Metro Pacific Investments Corporation (MPIC)’s DigiCo has agreed to acquire a 10% interest in CIS Bayad Center, Inc. (Bayad) to help accelerate the country's shift to digital payments.

Bayad, formerly known as Bayad Center, is the pioneer in the outsourced bills payment collection service in the Philippines. Collecting for more than 400 private and government institutions into its robust system, Bayad is currently used by over 120,000 major retail establishments, neighborhood stores, as well as leading fintech and electronic money institutions across the country.

“Since revolutionizing outsourced payment collections in the Philippines 27 years ago, Bayad has remained a pillar of financial inclusion. We bridge the gap between consumers and businesses by providing accessible, reliable, and impactful payment solutions. Our success is a testament to the unwavering trust placed in us by billing institutions, government agencies, payment channels, and the Filipino public. We are humbled by DigiCo's confidence in our vision to empower Filipinos financially. Together, Bayad and DigiCo look forward to building a future that fosters not only the digital and financial well-being of the MVP Group, but of the entire nation,” shared Bayad President and CEO Lawrence Y. Ferrer.

DigiCo Chief Commercial Officer Kat Luna-Abelarde underscored, “DigiCo plans to leverage its expertise and resources to support Bayad’s growth trajectory while exploring and unlocking synergies in the MVP Group. This is the latest milestone on our journey to drive new, innovation-led growth, and is aligned with the MVP Group's support for the Government's overall digitalization push, including financial inclusion for Filipinos across the nation."

DigiCo also invested in Multipay Corp. (Multipay), a wholly-owned subsidiary of Multisys Technology Corp., (MTC).

Bayad and MyEG Seal Partnership, Enhancing Accessible Payment Options for Government Services

CHAMPIONING FINANCIAL INCLUSION: In photo (L-R): MyEG Philippines Payment Manager - Billy John G. Nacis, MyEG Philippines President and CEO – Ann Margaret T. Saldaña, Bayad President and CEO – Lawrence Y. Ferrer, and Bayad Chief Commercial and Marketing Officer – Dennis S. Gatuslao.

 Bayad, a pioneering brand in outsourced bills payment collection and now a full-service fintech company, has partnered with MyEG, a leading provider of online automation and government payment services in Malaysia and the Philippines.

Under this collaboration, MyEG Philippines will integrate its biller brands with Bayad, enabling Bayad’s physical and digital touchpoints to accept payments for various government institutions including Landbank of the Philippines – Link Biz, Securities and Exchange Commission (SEC), Philippine Economic Zone Authority (PEZA), Tourism Infrastructure and Enterprise Zone Authority (TIEZA), Department of Health - Metro Manila Center for Health Development (DOH-MMCHD), Subic Bay Metropolitan Authority (SBMA), and various Local Government Units (LGUs).

Lawrence Y. Ferrer, Bayad President and CEO, emphasized, “Financial inclusion plays a crucial role in restoring the country’s economic growth. As industry leaders, we stand with MyEG Philippines in providing accessible payment solutions through Bayad Centers, partner establishments, and our mobile apps – the Bayad App and Bayad Online. Our efforts at Bayad aim to simplify payment experiences for Filipinos, contributing to their improved quality of life.”

Ann T. Saldaña, President and CEO of MyEG Philippines, added, “MyEG Philippines remains committed to digitalization and facilitating seamless government transactions. Through our partnership with Bayad, we aim to offer convenient payment options that empower Filipinos to secure their financial future by settling government contributions, permits, and crucial documents in real time.”

“We are aligned with Bayad’s goal of enhancing financial inclusion and building trust among stakeholders,” Saldaña concluded.

For fintech institutions interested in joining Bayad’s extensive bills payment network, please contact partnerships@bayad.com. Bayad offers nationwide presence and comprehensive support services for efficient payment and collection processing.

BAYAD AND GETT CLOSES PARTNERSHIP DEAL TO OFFER CONVENIENT PAYMENT SOLUTION

 CHAMPIONING DIGITAL FINANCIAL INCLUSION: Executives of Bayad and Gateway Express Travel and Tours (GETT) on their partnership signing. Seen in the photo (from L-R) are Bayad President and CEO Lawrence Y. Ferrer, Bayad Chief Commercial and Marketing Officer Dennis S. Gatuslao, GETT President and CEO Mark Anthony O. Bas, and GETT Officer In Charge for Travel and Ticketing Joanne Albis

Bayad, the pioneer brand in the outsourced payment collection service in the Philippines, officializes its partnership with Gateway Express Travel and Tours (GETT), a travel agency arm of El Roi Group of Companies.

El Roi Group of Companies is an international institution headquartered in Dubai that specializes in ticketing, hotel bookings, local and international tours, immigration consultancy, and a variety of online network marketing services. On the other hand, GETT is also widely present in Metro Manila and South Luzon.

Through its partnership with Bayad, GETT will integrate a one-stop-shop solution in its web platform at www.gettnetwork.com. This platform extends to its over 1,500 authorized travel agents nationwide, not only enabling them to book flights and travel packages but also to process bills payment for electric and water utilities, telecommunications, cable, internet, insurance, online shopping, and many others.”

Bayad President and CEO Lawrence Y. Ferrer shared, “We continue to empower businesses like GETT to bring financial services closer to Filipinos. Through our partnership with GETT, we recognize the need to address the call for financial inclusion as we also reach underserved populations in the regional area.” 

GETT President and CEO Mark Anthony O. Bas added “We are honored to partner with Bayad as we enable seamless end-to-end financial solutions and share the same goal of ensuring that no community is left behind in the country’s financial landscape.”

For service providers like GETT that are interested to be part of Bayad’s extensive 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. 

Bayad and Pay&Go seals partnership with Carmona Cavite local government, bringing accessible bills payment services

In photo (L-R): Pay&Go Senior Alliance Manager Kenneth de Guzman, LGU Carmona City Administrator Melanie C. Altarez, LGU Carmona City Mayor Dr. Dahlia A. Loyola and Bayad Business Development Manager Ms. Kathlyn R. Alarcon, together with LGU Carmona City Councilors

 As the Local Government of Carmona, Cavite celebrates its first cityhood anniversary last February 19, 2024, City Mayor Dr. Dahlia A. Loyola leads a week-long program celebration that champions its different programs including its advocacy on financial inclusion. In line with this, a joint partnership between the LGU, Bayad and Pay&Go was officially sealed on February 20, 2024.

Bayad is a subsidiary of Meralco and the pioneer and leader in the outsourced bills payment collection service in the Philippines while Pay&Go is a leading 24-hour self-service payment kiosk provider in the country.

Under the partnership, Bayad will continue to power the bills payment services of Pay&Go payment machines, which are now made accessible at LGU Carmona City Hall.

“Imagine the ease of being able to pay your electric, water, and internet bills, while being able to settle your government contributions, load your prepaid, RFID, and e-wallet accounts all at the same time. This is the kind of one-stop-shop convenience that Bayad stands for.” shares Bayad Business Development Manager Kathlyn Alarcon, as she also provided a picture of onboarding more local billers in the future to cater to the various needs of Carmona residents.

Pay & Go Senior Alliance Manager, Kenneth de Guzman also shared “We are happy that we share the same values with Bayad in providing convenient and accessible payment experience. We hope that in deploying our Pay&Go automated payment terminals, we enable thriving communities like Carmona City to strengthen financial inclusion.”

LGU Carmona Mayor Dahlia A. Loyola added “The local government of Carmona is proactively supporting the country’s adoption of fast and secured digital payment touchpoints. By harnessing our collective efforts with Bayad and Pay&Go, we can ensure that financial services reach more of our kababayans and empower them to make informed financial decisions.”

For banks, financial, and government 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. 

Bayad clinches Excellence Awards during the Pag-IBIG Fund Chairman's Report for 2023

In photo (L-R): Pag-IBIG Fund VP for Legal and General Counsel Group. Chief Legal Counsel and Head of Compliance – Atty. Marcial C. Pimentel Jr., Pag-IBIG Fund Deputy Chief Executive Officer for Home Lending Operations Cluster – Benjamin R. Felix Jr., Bayad VP and Head for Biller Solutions Anely P. Aviles, Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, Bayad President and CEO – Lawrence Y. Ferrer, Bayad Account Officer – Rommel S. Villeza, Pag-IBIG Fund Deputy Chief Officer for Support Services Cluster – Atty. Robert John S. Cosico, and Pag-IBIG Fund Deputy Chief Executive Officer for Member Services Cluster – Alexander Hilario G. Aguilar.

 Bayad clinches Excellence Awards during the Pag-IBIG Fund Chairman's Report, held on February 27, 2024 at PICC Complex, Roxas Boulevard, Pasay City. 

 

The awarding ceremony highlights Bayad as Pag-IBIG Fund’s Non-bank Top Collecting Partner, having served the highest contribution on Pag-IBIG Fund’s Employer Electronic Submission of Remittance Schedule (ESRS) for the year 2023.

 

Now on its 6^th consecutive year, Bayad has once again proven its commitment to excellence in enabling institutions to conveniently help its employees settle their Pag-IBIG Fund home loan contributions through Bayad’s multi-channel payment platform.

 

Today, both individual and group contributions can be settled through a variety of Bayad’s payment touchpoints covering its Bayad Centers, its network of partner establishments such as leading supermarkets, department stores, convenient stores, pawnshops, courier services, banks, and other financial institutions. Adding to these are Bayad’s mobile application - Bayad App and its web application – Bayad Online, catering to a more tech-savvy market.

Bayad President and CEO, Lawrence Y. Ferrer underscored “Our drive for excellence is deeply rooted in our purpose of helping Filipinos elevate their quality of life. We are committed to provide solutions to both individuals and businesses that effectively help make payments more convenient and seamless.” We are one with Pag-IBIG in helping our kababayans to become financially empowered and fulfill their dream of owning a home.”

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

Once customers open a GoTyme Bank account, they can also avail of a free GoTyme Bank Visa debit card in kiosks that are located within the retail footprint of the Robinsons group such as Robinsons Supermarket, The Marketplace, Robinsons Department Store and more across the country.

These GoTyme Bank Visa cards can be used for over-the-counter payments such as shopping and cash withdrawals.

With GoTyme Bank, customers can take advantage by having access to a variety of biller brands powered by Bayad. GoTyme and Bayad App users are also able to transfer funds with each other.

Bayad President and CEO Lawrence Y. Ferrer underscored, “We take pride with our over 3000 biller brands which we are keen of also integrating with our payment channel partners like GoTyme Bank. Bayad has been committed to making digital finance more accessible and easier for Filipinos. Through our partnership with GoTyme Bank, we are optimistic that we will further the financial inclusion in the country.”

 

GoTyme Bank co-CEO Albert Tinio said, “Through our partnership with Bayad, GoTyme customers can now conveniently pay their monthly bills. They don’t need to take time out of their busy schedules to ensure that their bills are paid on time. Now our users can manage their personal finances from the comfort of their homes.”

 

For fintech institutions like GoTyme Bank 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.

Bayad Makes a Massive Mark at the 2023 Singapore Fintech Festival

Bayad President and CEO - Lawrence Y. Ferrer presents a massive potential on advancing the global digital economy by bridging international businesses and Filipinos overseas through its bills payment services.

Bayad, the biggest and widest multi-channel payment platform in the Philippines, showcased its commitment to advancing financial technology and expanding its global presence at the 2023 Singapore Fintech Festival. 

The highlight of Bayad's participation was the thought-provoking presentation by President and CEO Lawrence Y. Ferrer, where he shared valuable insights on the pivotal role of bill payments in catalyzing digital economic growth.

In his presentation titled "Fueling Progress: Bill Payments as the Catalyst for Digital Economic Growth," Mr. Ferrer emphasized the importance of bill payments in the Philippines and its significant contribution to the country's economy. 

The Move Toward Digital

Bayad President and CEO - Lawrence Y. Ferrer highlights the transformation roadmap for digital financial transactions in the Philippines.

Currently, the Philippines ranks as the largest recipient of money remittances in Southeast Asia, 3rd in Asia, and 4th globally, with the World Bank predicting continued growth in remittances.

Payment behavior in the Philippines is shifting towards digital transactions, with a projected increase to at least 50% in 2023, aligning with the Digital Payments Transformation Roadmap of the Bangko Sentral ng Pilipinas.  

The digital economy clearly continues to grow, as “Every day, more and more people are choosing to make digital transactions, as seen in the 9.4% share of the digital economy to the GDP of the Philippines in 2022. With the growing Philippine market globally and the increasing preference for digital payment platforms, we want to answer to the demand of Filipinos for a secure and convenient way of managing their bills, wherever they may be, by creating solutions anchored in their bill payment needs,” said Ferrer.

Bayad's Role in the Bill Payment Industry

Given this, Bayad, formerly known as Bayad Center, has continued to be a trusted brand in the industry for 26 years, initially serving MERALCO customers with alternative bill payment outlets.

Now with a massive ecosystem, Bayad has evolved into the premier bill payments aggregator, serving over 3,000 biller brands from both public and private sectors, covering a wide range of services, including electric and water utilities, telecommunications, government contributions, airline booking payments, loans, e-loading, e-wallet top-ups, toll RFID loading, insurance, memorial and more.

“And of course, with our dedication to providing Filipinos more payment channels to access our biller partners, we continue to strengthen our omnichannel presence. We currently have over 400,000 physical touchpoints and we are connected to over 80 million subscribers of leading digital and mobile platforms, spread across domestic and international borders,” pointed out Ferrer.  

“In fact, 9/10 of all banks and fintechs are connected through our bill payment trail. We stand as a single point of transaction for billing institutions and payment channels who want a faster time-to-market approach,” he emphasized.

Bayad Overseas - Expanding Opportunities for Global Filipinos

With the launch of Bayad Overseas, Filipinos around the world now have a convenient way to pay their bills in the Philippines, enhancing their financial experiences globally.

Bayad Overseas aims to support and uplift the global market of Overseas Filipino Workers (OFWs) by providing a secure, convenient, and reliable payment solution for their bill payment needs.

“Capture the global OFW market by partnering with the biller aggregator of choice and the most trusted brand by Filipinos for their payment needs. With Bayad’s physical and digital payment touchpoints, Filipinos are assured of a safe, convenient, and reliable payment transaction whatever their payment style may be,” Ferrer said as he invited the audience.

Partnership for the Future

Ferrer concluded his presentation by welcoming potential partners to collaborate with Bayad, emphasizing the company's commitment to integrity, reliability, and trust.

“Bayad is with you in shaping a better world of fintech. Become a Bayad partner today and together, let’s fuel the expansion of the global digital economy,” he said.

Bayad also participated in a booth exhibition, alongside more than 500 fintech companies from around the world, showcasing its massive biller ecosystem.

"As a single point of transaction for billing institutions and payment channels, Bayad offers a faster time-to-market approach, making us the biller aggregator of choice," said Mr. Ferrer. 

Bayad's participation in the 2023 Singapore Fintech Festival marks a significant step toward its mission of empowering individuals and businesses with seamless and convenient bill payment solutions, both domestically and internationally.

To be part of Bayad’s extensive international channel network, you may send an email to partnerships@bayad.com

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 partnerships@bayad.com. Bayad enables partners to attain a nationwide presence and provides end-to-end support services for efficient payment and collection processing.