Bayad Partners with Maybank for a More Convenient Bills Payment
Two leading financial services
providers, Bayad, the country’s most trusted payments authority, and Maybank
Philippines Incorporated (Maybank) a member of the Maybank Group, Malaysia’s
regional financial services leader, teamed up to elevate Filipinos’ digital
banking and bills payment experience.
(clockwise) Bayad President and CEO Lawrence Ferrer; Maybank Philippines PCEO-OIC and Community Financial Services Head Abigail Tina Del Rosario; Bayad Chief Commercial and Marketing Officer Dennis Gatuslao; and Maybank Philippines Vice President and Virtual Banking Head, Dexter Go.
Bayad is boosting Maybank’s bills
payment capability by augmenting the list of billers exponentially, enabling
users to settle financial obligations in a few clicks and swipes. With the
partnership, Maybank will be able to leverage Bayad’s unrivaled network of over
300 biller partners and highly advanced system that can process electricity,
water, telco, and other utility bills, including credit cards, loans, and
government fees and contributions. This gives customers greater convenience and
security as they can accomplish their transactions at their own pace and at the
comfort of their own place.
Specifically for Meralco bills,
Bayad offers real-time payment processing, meaning successful transactions made
through the Maybank2U PH internet banking and mobile app are immediately
processed and posted to the customer’s account. This feature will help payors
beat deadlines and avoid disconnection. Maybank shared that since the launch of
the partnership with Bayad, average daily transactions of their Meralco
payments increased substantially by more than 300%, indicating that more customers
are appreciating the value of real-time payment posting.
Abigail Tina Del Rosario, Maybank
Philippines PCEO-OIC and Community Financial Services Head expressed, “We are pleased with our collaboration with
Bayad as it elevates our customers’ bills settlement experience. The
integration of our platforms allows us to combine strengths, multiply
opportunities, and expand a shared user base.
We will continue to co-create innovative services for our customers in
view of their evolving needs in this time of pandemic.”
Meanwhile, according to Lawrence
Ferrer, Bayad President and CEO, “With
the heightened role of the digital economy in the new normal, we are
aggressively expanding our digital footprint and at the same time powering the
bills payment features of other banks and fintech players. We believe that
strategic alliances and working together are pivotal in making financial
services accessible and meaningful.”
Both Bayad and Maybank have been
operating for more than two decades, continuously innovating financial services
that help improve lives and communities, championing the advancement of both
digital and physical payment touchpoints.
Bayad continues to boost its
physical payment footprint with over 50,000 touchpoints nationwide. Early this
year, Bayad introduced its all-in-one pera transaction mobile app called Bayad (available in Google Play, Apple Store and Huawei App Gallery) and web-based payment facility, Bayad Online.
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