Bayad, the country’s pioneer brand in outsourced bill payment collection service, has become even more proactive in its expansion efforts to bring one-stop-shop financial services closer to Filipinos.
Paying bills is an inevitable part of life, and it always gives us a great sense of relief once we are able to settle them on time.
Apart from providing customers with assurance that their household utilities won’t be cut off, customers can also settle their government contributions, cover their insurance premiums, load for tollway RFID services, load their prepaid and postpaid accounts, and even settle their loans in one go through Bayad.
Furthermore, all these services are not just offered at Bayad Centers but also via the Bayad App mobile application, Online website, and Bayad Partners including leading over-the-counter and digital payment channel providers.
With its continuous development as a multi-service fintech institution, Bayad Asenso is being launched as an easy-to-operate business payment solution that is embedded within the App.
Bayad Aseno aims to empower MSMEs to become Bayad Agents, essentially transforming their sari-sari stores, eateries, pet shops, water refilling stations, and other small business establishments into payment centers.
PLDT, Converge, Globe, SkyCable, Cignal, Home Credit, Manulife, Sun Life, SSS, Pag-IBIG, Smart, Easytrip and Autosweep RFID, Meralco, Maynilad, Manila Water, and other electric and water utility billers in regional areas such as Davao Light, Cotabato Light, Albay Power, CAGELCO, BATELEC, ISELCO, ANTECO, LEYECO, PANELCO, VECO, Subic Enerzone, Bocaue Water District, Laguna Water, Legazpi Water, Balibago Waterworks, Subic Water, Tagum Water District, Carmona Water District, and many others are now already being processed by Bayad Agents.
Reaching out to the community, the company preserves the value of its bricks-and-mortar business and promotes digital transformation to cater to the ever-changing needs of Filipinos from all walks of life.
Bayad president and CEO Lawrence Y. Ferrer shares, “We believe in empowering every Filipino entrepreneur as we foster financial inclusion and help build economic resilience in the country.”
How to become an authorized Bayad Agent
To qualify as an authorized Agent, applicants must own a physical store, have a stable internet connection, and have an upgraded Bayad App account. Once the account is already upgraded, applicants must tap the “Business” icon in the app dashboard, then tap “Asenso”, and proceed with the registration process.
The registration form will require an attachment of either a barangay business permit, DTI Business Registration, Mayor’s Permit, BIR Registration, SEC Registration, Amended Business Permit, or RSA License.
For further queries on Agent registration and onboarding, you may send an email to [email protected] or call 09989652330. End-to-end support services for efficient payment and collection processing are supported.
Income Opportunities
Asenso agents can earn an average of PHP5.50 for every bill payment transaction and PHP4 for every PHP100 worth of load transactions. This provides a viable, sustainable income stream, enhancing the profitability of small businesses.
Seamless Operations
To start processing payment transactions, a newly registered Agent has to have an initial wallet fund of at least PHP3,000. Agents can fund their wallets through digital money transfer platforms or over the counter at Bayad Centers, BDO, Eastwest Bank, and RCBC.