Bayad, the pioneer brand in the outsourced bills payment collection system in the Philippines and now a full-service fintech company, is joining forces with MyEG, a market leader in electronic solutions providing online automation and government payment services in Malaysia and the Philippines. This partnership is set to revolutionize the way the general public interacts with the financial system, making it more accessible and inclusive.
This partnership is set to revolutionize the way the general public interacts with the financial system, making it more accessible and inclusive.
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 as 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, a visionary in the financial inclusion field, underscored this partnership's significance. "As industry movers, we are one with MyEG Philippines in enabling accessible payment solutions through our Bayad Centers, partner establishments, and 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 can provide convenient payment options to help Filipinos secure their financial future. All these can now be settled in real-time from government contributions, permits, and important documents."
"We share the same goal with Bayad in strengthening the country's financial inclusion and fostering trust and confidence in our stakeholders.", added Saldaña.
For fintech institutions like MyEG PH that are interested in joining Bayad's extensive bill payment collection network, you may email partnerships@bayad.com. Bayad enables partners to attain a nationwide presence and provides end-to-end support services for efficient payment and collection processing.
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