Bayad Empowers MSMEs with Bills Payment and Loading Business

Paying bills is an inevitable part of life, and it always gives us a great sense of relief once we are able to settle them on time.

 

This is why Bayad, the country’s pioneer brand in the outsourced bills payment collection service, has become even more proactive in its expansion efforts of bringing one-stop-shop financial services closer to Filipinos.

 

Apart from providing customers’ assurance that their household utilities won’t get cut off, they can also settle their government contributions, cover for their insurance premiums, load for tollway RFID services, load their prepaid and postpaid accounts, and even settle their loans in just one go. 

 

Furthermore, all these services are not just offered at Bayad Centers, but are also offered via Bayad App (Bayad’s mobile application), via Bayad Online (Bayad’s website application), and via Bayad Partners (leading over-the-counter and digital payment channel providers).

 

With its continuous development as a multi-service fintech institution, Bayad launches Bayad Asenso, an easy-to-operate business payment solution that is embedded within the Bayad App.

 

Bayad Aseno aims to empower MSMEs into becoming Bayad Agents, essentially transforming their sari-sari stores, eateries, pet shops, water refilling stations, and other small business establishments into payment centers.

 

PLDT, Converge, Globe, SkyCable, Cignal, Home Credit, Manulife, Sun Life, SSS, Pag-IBIG, Smart, Easytrip and Autosweep RFID, Meralco, Maynilad, Manila Water, and other electric and water utility billers in regional areas such as Davao Light, Cotabato Light, Albay Power, CAGELCO, BATELEC, ISELCO, ANTECO, LEYECO, PANELCO, VECO, Subic Enerzone,  Bocaue Water District,  Laguna Water, Legazpi Water, Balibago Waterworks, Subic Water, Tagum Water District, Carmona Water District, and many others are now already being processed by Bayad Agents.

 

As Bayad reaches out to the community level, the company does not only preserve the value of its bricks-and-mortar business but also equally promotes digital transformation to cater to the ever-changing needs of Filipinos from all walks of life.

 

Bayad's President and CEO, Lawrence Y. Ferrer shares “We believe in empowering every Filipino entrepreneur as we foster financial inclusion and help build economic resilience in the country.”

 

How to become an authorized Bayad Agent

 

To qualify as an authorized Bayad Agent, applicants must own a physical store, have a stable internet connection, and have an upgraded Bayad App account.

 

Bayad App is then downloadable via Google Play, App Store, and Huawei App Gallery.

Once the Bayad App account is already upgraded, applicants must tap the “Business” icon in the Bayad App dashboard, then tap “Asenso”, and proceed with the registration process.

 

Either Barangay Business Permit, DTI Business Registration, Mayor’s Permit, BIR Registration, SEC Registration, Amended Business Permit, or RSA License will be required as an attachment in the registration form.

 

For further queries on Bayad Agent registration and onboarding, you may send an email to qmgonzales@bayad.com or call us at 09989652330. Bayad provides end-to-end support services for efficient payment and collection processing.

 

Income Opportunities

 

Bayad Asenso agents can earn an average of PHP 5.50 for every bill payment transaction and PHP 4.00 for every PHP 100 worth of load transaction. This provides a viable, sustainable income stream, enhancing the profitability of small businesses.

 

 

Seamless Operations

 

To start processing payment transactions, a newly registered Bayad Agent has to have an initial wallet fund of at least Php 3,000.00.

Bayad Agents can fund their wallet through digital money transfer platforms or via over-the-counter at Bayad Centers, BDO, Eastwest Bank, and RCBC.

 

 

About Bayad

Bayad is the pioneer brand in the outsourced bills payment collection service in the Philippines, aggregating a multitude of billers into a robust system that is now being used by leading establishments and electronic money institutions across the country. Formerly known as Bayad Center, it continues to trailblaze the industry as a fintech subsidiary of Meralco, offering a whole suite of financial products & services available to both consumers and businesses.