In a bid to offer customers a more convenient way to settle their bills, Bayad, the pioneering brand in outsourced payment collection systems, has teamed up with BillEase, a top-rated consumer finance app.
Through this partnership, users of the BillEase mobile app can now take advantage of two cardless installment options for bill payments. The first option, “Pay Later,” allows customers to cover expenses up to PHP 1000. The second option, “Pay Monthly,” offers installment plans spanning three, six, nine, or twelve months, with interest rates up to 3.49%.
Georg Steiger, Chief Executive Officer and Co-Founder of BillEase, emphasized that this collaboration with Bayad plays a crucial role in promoting financial inclusion and digitalization in the country. By providing accessible and convenient bill payment services, BillEase aims to assist its customers in managing all their finances in a single app.
This new feature is the result of the seamless integration of Bayad’s bills payment feature into the BillEase mobile app, creating a comprehensive one-stop-shop solution for customers. With this enhanced service, customers can now conveniently access over 100 billers, covering a wide range of services, including electricity and water utilities, cable and internet subscriptions, government contributions, loan payments, school tuition, online shopping, insurance, and much more.
By combining their expertise, Bayad and BillEase are empowering customers with a streamlined and user-friendly experience for bill payments, paving the way for increased financial convenience and accessibility for users across the country.
According to Lawrence Y. Ferrer, President and CEO of Bayad, a subsidiary of Manila Electric Co. (Meralco), the company has been actively working to enhance financial inclusivity for the public by expanding its network of billers. With a strong commitment to digitalization, Bayad is dedicated to providing a comprehensive one-stop-shop payment solution.
Ferrer expressed enthusiasm about partnering with BillEase, emphasizing the shared vision of leveraging financial digitalization to benefit their customers. The collaboration aims to bridge the gap between people and businesses, making bill payment processes more accessible and efficient.
As Bayad continues to scale up its roster of billers within the BillEase app, it strives to create a seamless and user-friendly platform that enhances the financial experience for customers. The ultimate goal is to facilitate greater convenience and financial inclusion for all users, further solidifying Bayad’s position as a leading player in the payment collection industry.
