Bayad, the pioneer brand in the outsourced payment collection system in the Philippines, officially sealed its partnership with GoTyme Bank, one of the country’s fastest-growing digital banks.
GoTyme Bank is a joint venture between the Gokongwei group of companies and the multicountry digital banking group Tyme. Through its partnership with Bayad, the GoTyme App enables bill payment services covering household utilities, tollway RFID load, e-loading, telco, internet, government contributions, and many others. Tailor-made for the increasingly e-payment-savvy Filipino market, the app provides the convenience of a one-stop digital shopping experience.
Once customers open a GoTyme Bank account, they can also avail of a free GoTyme Bank Visa debit card in kiosks that are located within the retail footprint of the Robinsons group, such as Robinsons Supermarket, The Marketplace, Robinsons Department Store, and more across the country. These cards can be used for over-the-counter payments, such as shopping and cash withdrawals.
With GoTyme Bank, customers can take advantage of having access to a variety of biller brands powered by Bayad. Users of both apps are also able to transfer funds with each other.
Bayad president and CEO Lawrence Y. Ferrer underscored, “We take pride with our over 3000 biller brands which we are keen on also integrating with our payment channel partners like GoTyme Bank. Bayad has been committed to making digital finance more accessible and easier for Filipinos. Through our partnership with GoTyme Bank, we are optimistic that we will further the financial inclusion in the country.”
GoTyme Bank co-CEO Albert Tinio said, “Through our partnership with Bayad, GoTyme customers can now conveniently pay their monthly bills. They don’t need to take time out of their busy schedules to ensure that their bills are paid on time. Now our users can manage their finances from the comfort of their homes.”
For fintech institutions that are interested in being part of Bayad’s extensive channel network, you may send an email to [email protected]. Bayad enables partners to attain a nationwide presence and provides end-to-end support services for efficient payment and collection processing.