BAYAD SEALS PARTNERSHIP WITH BILLEASE FOR MORE CONVENIENT BILLS PAYMENT OPTIONS
CHAMPIONING DIGITAL FINANCIAL INCLUSIVITY:Executives of Bayad and BillEase meet for the signing of the partnership to enable customers to settle their bills in a more convenient way via installments. Seen in the photo are (from L-R) BillEase Head of Merchant Products Kurt Molina, BillEase Co-Founder and Chief Financial Officer Ritche Weekun, Bayad President and CEO Lawrence Y. Ferrer, and Bayad Chief Commercial and Marketing Officer Dennis S. Gatuslao.
MANILA, Philippines – Bayad, the pioneer brand in the outsourced payment collection system, has partnered with BillEase, a top-rated consumer finance app, to enable customers to settle their bills in a more convenient way via installments.
Under the partnership, users of the BillEase mobile app can now pay their bills through two cardless installmentoptions namely Pay Later for expenses up to PHP 1000, and Pay Monthly over a period of three, six, nine, or 12 months for tickets with interest rates up to 3.49%.
“Our partnership with Bayad plays a pivotal role in the promotion of financial inclusion and digitalization in the country, as we enable accessible and convenient bills payment services that aim to help our customers manage all their finances in one app,” said Georg Steiger, Chief Executive Officer and Co-Founder of BillEase.
The new feature is due to the integration of the Bayad bills payment feature in the BillEase mobile app, enabling a one-stop-shop service solution for its customers since they can now access over 100 billers covering electricity and water utilities, cable and internet, government contributions, loan payments, school tuition, online shopping, insurance, and many more.
The new partnership between Bayad and BillEase seeks to provide more convenient payment options to Filipinos. Seen in the photo are (from L-R) Bayad Business Development Manager Rachel N. Sansolis, Bayad Account Manager Laurene Vila- Suntay, Bayad Chief Commercial and Marketing Officer Dennis S. Gatuslao, BillEase Co-founder and CEO Georg Steiger, Bayad Business Development Officer Dan Steven A. Ngking, and Bayad Account Officer Jon Carlo B. Decena.
Bayad, a wholly owned unit of Manila Electric Co. (Meralco), has been proactively expanding its network of billers to provide greater financial inclusivity to the public, its President and CEO Lawrence Y. Ferrer said.
“We are one with BillEase in leveraging financial digitalization through our one-stop-shop payment solution. We are steadfast in bridging people and businesses as we continue to scale up our billers in the BillEase app,” he said.
About Bayad
Bayad is the pioneer and trusted brand in the outsourced payment collection service in the Philippines, aggregating a multitude of billers into a robust system that is now being used by over 100,000 physical touchpoints as well as millions of customers of leading digital and mobile platforms across the country. Formerly known as Bayad Center, it continues to trailblaze the industry as it evolves from an over-the-counter payment center into a full-service fintech company, offering a whole suite of financial products & services available to both consumers and businesses. For more information, visit https://billease.ph.
About BillEase
BillEase is the top-rated consumer finance app in the Philippines with a focus on expanding access for mass and emerging middle-income consumers. We are a product-focused fintech company leveraging machine learning technology in building financial products and global best practices in credit underwriting to meet the needs of unbanked customers in Southeast Asia. Our customers have access to a consumer-first finance app that is delightful to use and offers competitive interest rates and merchant deals. For more information, visit https://billease.ph.
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