CIS Bayad Center, Inc. (Bayad), a pioneer in the outsourced payment collection system and a full-service fintech subsidiary of Meralco, has renewed its partnership with Ventaja International Corp., a fintech company offering remittance, loading and bills payments for both government and households powered by Bayad’s robust biller aggregator system.
Bayad brings Meralco, Autosweep, Easytrip, SSS, and many others biller brands in a mobile app called Payremit and through Ventaja’s domestic and international payment centers. With this, even overseas Filipinos can help settle their families’ bills in the Philippines and pay for their government contributions at the same time.
Bayad president and CEO Lawrence Y. Ferrer said, “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 said, “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 interested in becoming part of Bayad’s extensive network 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.
