In a strategic move to fortify its position as the premier brand in the outsourced payment collection system in the Philippines, Bayad has intensified its collaboration with Pisopay.com Inc., a leading cloud-based financial application provider. This partnership aims to redefine the landscape of the e-commerce industry by leveraging Pisopay.com's cutting-edge remittance and bills payment services.
Under the enhanced partnership, Pisopay.com will seamlessly integrate its biller brands with Bayad. This integration empowers Bayad's extensive network of physical and digital touchpoints to accept payments for a diverse range of services, including government institutions like the Bureau of Quarantine, LTFRB, and selected LGUs nationwide. Moreover, academic institutions such as the Philippine Merchant Marine Academy, National Maritime Polytechnic, Baliwag Maritime Academy, and Scuola Maria in Batangas, as well as notable e-commerce businesses like Palengke.PH, are now part of the comprehensive payment ecosystem.
Bayad President and CEO, Lawrence Y. Ferrer, emphasizes the company's commitment to prioritizing security and convenience in payment collection services. He highlights ongoing efforts to maximize cybersecurity measures and upgrade real-time posting features for enhanced end-to-end transaction processing. Ferrer envisions an elevated payment experience for Filipinos from all walks of life through this partnership with Pisopay.
Pisopay.com's Chairman, Jae Jung Jang, echoes this sentiment, positioning Pisopay as a worry-free financial partner. By powering businesses with fast, secure payments, collection, and remittances, Pisopay.com simplifies complex finances through trusted technology. Jang assures clients that with the collaboration with Bayad, they can expect double security and an expanded nationwide reach, especially in communities that are unbanked.
Jang emphasizes that Pisopay.com respects the value of hard work and assures clients that their transactions will be treated with the utmost care. Through the Bayad partnership, Pisopay.com seeks to provide a seamless service, transcending geographical and financial barriers, ensuring convenience wherever and whenever it is needed.
For fintech institutions interested in joining Bayad's extensive bills payment collection network, Pisopay.com extends an invitation to contact them at partnerships@bayad.com. This collaboration empowers partners to achieve a nationwide presence and offers end-to-end support services, ensuring efficient payment and collection processing.
The strengthened partnership between Bayad and Pisopay.com marks a significant milestone in the evolution of the outsourced payment collection system in the Philippines. With a shared commitment to security, convenience, and nationwide accessibility, this collaboration is set to redefine the e-commerce landscape, providing a seamless and worry-free financial experience for Filipinos across the country.