MANILA, Philippines – 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.

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Having served the highest contribution on Pag-IBIG Fund’s payment transactions and amount collected for 2022, Bayad was then recognized as a Top Collecting Partner for the Non-Bank Category on its fourth consecutive year.

Anchored on Pag-IBIG Fund’s continuous promotion of online payments, Bayad has been proactive in  enabling its members to conveniently settle their home loan contributions not only thru Bayad Centers, and its partner network establishments such as leading  supermarkets, department stores, convenient stores, pawnshops, courier services, self-service payment machine providers, banks, and financial institutions, but also through its digital partners, and its own mobile-based application – Bayad App, as well as its web platform – Bayad Online.

Bayad President and CEO, Lawrence Y. Ferrer underscored “Our drive for excellence is directed towards the belief that Filipinos deserve to be rewarded for their hard work. We share this award with fellow Filipinos who understand the deeper meaning for every payment and contribution made, which is the comfort and peace of mind, for them and their loved ones.”

”We are one with Pag-IBIG in helping our kababayans fulfill their dream of owning a home.”, added Ferrer.

For government, financial, and banking 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.

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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.

Omega BCI President and CEO, Emmanuel Masangkay shares “Paymybills was borne out of the need to help OFWs conveniently pay for their families’ bills back home, and at the same time help them settle for government contributions, enabling them to save and invest for their future. Our partnership with Bayad, excites us as we amplify our shared  passion of helping our kababayans whether locally and globally. The greatest service we can give our stakeholders is not just to share our resources but to enable them to effectively manage their finances. Our aim is to empower people.”

“We need to help Filipinos level up.”, added Masangkay.

From his humble beginnings as an OFW in Papua New Guinea, Masangkay knows very well the value of hard-earned money, which is also the lifeblood of Bayad’s business.

Bayad President Lawrence Y. Ferrer underscored “We share a collective vision with Omega Business Consulting in elevating the quality of living of our kababayans. All our efforts in Bayad are directed towards the belief that Filipinos deserve to be rewarded for their hard work. We strive to go beyond just providing payment services by empowering families to strengthen their relationships as we drive for borderless financial inclusion.”

For financial institutions like Omega Business Consulting 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.

The post Bayad and Omega Business Consulting seals partnership, driving forth real-time payments appeared first on MYJUICYNET.