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 installment options 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.
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.