Bayad was recently recognized as Pag-IBIG Fund’s Top Employer Remittance
Collecting Partner and Top Individual Payor Collecting Partner for 2021, during the
Pag-IBIG Fund Chairman’s Report held last February 23, 2022.
Gaining almost a million increase in transaction volume covering both digital and
over-the-counter payments from 2020 to 2021, Bayad and Pag-IBIG Fund’s
partnership has sparked a conversation on the future of payments.
Currently, Pag-IBIG Fund members can settle their payment and remittance
transactions through Bayad’s 92,000 physical touchpoints inclusive of Bayad Centers
and Bayad Partners. Aside from this, downloading the Bayad Mobile App or
accessing Bayad Online directly on the internet, makes it possible for Filipinos to
transact wherever they may be.
Putting a spotlight on these service solutions, Bayad is shaping sustainable
processes not only for private corporations, but also for government institutions like
Pag-IBIG Fund.
Bayad President and CEO, Lawrence Y. Ferrer shared “Despite, the impediments brought
about by the pandemic, our partnership with Pag-IBIG Fund strengthened as we ensure that
no hardworking Filipino is left behind in a growing digital economy. Our transaction volume
has significantly increase, which only proves that we are on the right track in keeping pace
with the times and the people we serve.”
In the years ahead, Bayad will continue to acquire more channel partners to serve
millions of Pag-IBIG Fund member. This will enable a wider array of bills payment
services including electric utility, water utility, e-loading, insurance, electronic toll
collection, airline booking, medical reimbursements, and other government services.
Moreover, Bayad has upgraded its digital infrastructure and cybersecurity
measures, making transactions with Pag-IBIG Fund protected and seamlessly
settled with real-time posting.
Ultimately, Bayad has continued to collaborate with Pag-IBIG Fund in the pursuit of
building a financially resilient society.
As catalyst for economic development, Bayad is committed to elevate not only the
payment experience it provides, but also to usher in the rise of public initiatives that
will help Filipinos navigate new opportunities and adapt with the uncertainties posed
amidst the time of pandemic.
