Adopting new technologies and introducing innovative products that help address consumer needs have been Bayad’s enduring commitment for over two decades. Beyond accelerating digital transformation, the country’s trusted brand and authority in payments, believes that equipping financial institutions with their trusted services can also help reduce barriers and bridge the financial inclusion gap in the country.
One example is its recent partnership with Optimum Exchange Remittance, Inc., a foreign exchange and remittance company that also operates AllCash, the bills payment facility of AllBank, AllDay Supermarket and AllDay Convenience Stores. Duly recognized by the Bangko Sentral ng Pilipinas, Optimum Exchange’s AllCash has built a strong foothold in strategic locations, starting with Vista Land and Lifescapes, Inc. properties, which are present in 49 provinces and 147 cities across the country, where over 18,000 homeowners and investors are overseas Filipinos.
Bayad and Optimum’s new partnership augments the bills payment capabilities of AllCash, providing customers the convenience of settling their monthly dues while running errands such as banking and grocery shopping. Powered by BAYAD, AllCash which is co-located in AllDay Supermarket and AllHome branches can now process different types of bills including household utilities, insurance, loans, and government services. The partnership offers an alternative payment option for those who prefer cash transactions. By the end of 2021, AllBank’s mobile app will also be integrated in Bayad’s network.
“Our partnership with Optimum complements our existing corporate strategy of championing both physical and digital channels as we continue the road to digital transformation and offer greater access to financial services. We’re happy to say that with this initiative consumers can Bayad All in AllCash branches nationwide” said Bayad President and CEO, Mr. Lawrence Ferrer.
“This alliance gives us the opportunity to expand our service portfolio, making us a one-stop-shop that caters to customers’ various financial needs. Being part of Bayad’s robust network, we can assure them a secure and frictionless payment experience whenever they transact with AllCash” Jerry Navarette, President of Optimum Exchange Remittance Inc., shared.
With its numerous collaborations and initiatives to help drive financial inclusion, Bayad has expanded its payment touchpoints to more than 70,000, securing its position as the biggest and widest multi-channel payment platform to date.
To be part of Bayad’s extensive channel network, contact [email protected] or call +63 998 963 7881. Meanwhile, businesses interested in leveraging Bayad’s network and seamless bills payment solutions may reach out to [email protected], call +63 998 963 7880 or fill out Bayad’s biller onboarding form to get started: https://link.bayad.com/BeABayadBiller
