Bayad Strengthens Financial Security for Filipinos through Strategic Partnership with Sun Life Grepa

Friday, January 5, 2024


In a groundbreaking move that aims to enhance the financial security of Filipinos, Bayad, the leading brand in the outsourced payment collection system in the Philippines, has officially sealed its partnership with Sun Life Grepa Financial, Inc. (Sun Life Grepa). This collaboration marks a significant milestone in Bayad's mission to elevate the quality of life for its users by providing seamless access to essential financial services. One of the key outcomes of this partnership is the integration of insurance plans into Bayad's mobile application, Bayad App, allowing subscribers to conveniently manage and secure their financial future.

As part of the intensified collaboration between Bayad and Sun Life Grepa, the Bayad App will now serve as a comprehensive platform for a variety of insurance plans. Subscribers can not only use the app for the seamless acceptance of monthly payments for insurance premiums but also explore and purchase different insurance products directly through the application. This strategic move reflects Bayad's commitment to offering a holistic range of financial solutions to its users.

Lawrence Y. Ferrer, the President and CEO of Bayad, expressed the company's unwavering commitment to improving the lives of Filipinos. He highlighted Bayad's pivotal role in helping individuals safeguard their physical and financial well-being. Ferrer emphasized the increasing need for security in various aspects of life, such as unexpected accidents, hospitalization costs, and retirement financial plans. The collaboration with Sun Life Grepa aligns seamlessly with Bayad's vision of providing worry-free insurance payment solutions and expanding its digital payment offerings.

Sun Life Grepa President, Richard Lim, echoed the sentiments of the partnership, emphasizing the company's dedication to brightening the lives of Filipinos through comprehensive life insurance products. Lim highlighted the alignment of Bayad's extensive network and expertise in payment solutions with Sun Life Grepa's commitment to financial inclusion and security. The partnership not only aims to provide an outstanding client experience but also reinforces the shared goal of reaching more Filipinos with essential financial services.

For fintech institutions interested in joining Bayad's extensive biller network, the company offers opportunities for nationwide presence and end-to-end support services for efficient payment and collection processing. Financial institutions, including Sun Life Grepa Financial, can explore these possibilities by reaching out to partnerships@bayad.com.

The collaboration between Bayad and Sun Life Grepa represents a significant step towards enhancing financial security and inclusion in the Philippines. By leveraging technology and expertise, these two industry leaders are poised to offer innovative solutions that empower individuals and families to secure their future. Visit www.sunlifegrepa.com to learn more about the products and services offered by Sun Life Grepa.