Bayad, the pioneer brand in the outsourced bills payment collection system in the Philippines, and now a full-service fintech company, seals its partnership with MyEG, a market leader in electronic solutions providing online automation and government payment services in Malaysia and the Philippines.
Under the partnership, MyEG Philippines will integrate its biller brands with Bayad, allowing Bayad’s physical and digital touchpoints to accept payments for government institutions such 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 different Local Government Units (LGUs).
Bayad President and CEO Lawrence Y. Ferrer underscored “Financial inclusion plays a significant role in regaining the country’s economic growth. As industry movers, we are one with MyEG Philippines in enabling accessible payment solutions through our Bayad Centers, our partner establishments, and our mobile and web applications – the Bayad App and Bayad Online. All our efforts in Bayad are anchored in simplifying the payment experience of our kababayans as we help them elevate their standard of living.”
MyEG PH President and CEO Ann T. Saldaña also shared, “MyEG Philippines remains steadfast in its commitment to digitalization and enabling seamless government transactions. Through our partnership with Bayad, we will be able to provide convenient payment options that will help Filipinos secure their financial future. From government contributions, permits and important documents, all these can now be settled in real time.”
“We share the same goal with Bayad in strengthening the country’s financial inclusion and in fostering trust and confidence in our stakeholders,” added Saldaña.
For fintech institutions like MyEG PH that are interested to be part of Bayad’s extensive bills payment collection network, you may send an email to [email protected]. Bayad enables partners to attain nationwide presence and provides end-to-end support services for efficient payment and collection processing.