Paying bills is an inevitable part of life, and it always gives us a great sense of relief once we can settle them on time.
This is why 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.
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.
Furthermore, all these services are not just offered at Bayad Centers but also via Bayad App (Bayad's mobile application), Bayad Online (Bayad's website application), and Bayad Partners (leading over-the-counter and digital payment channel providers).
With its continuous development as a multi-service fintech institution, Bayad launched Bayad Asenso, an easy-to-operate business payment solution embedded within the Bayad App.
Bayad Aseno aims to empower MSMEs to become Bayad Agents, 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.
As Bayad reaches out to the community level, 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's president and CEO, Lawrence Y. Ferrer, shares, "We believe in empowering every Filipino entrepreneur as we foster financial inclusion and help build the country's economic resilience."
Becoming an authorized Bayad Agent
To qualify as an authorized Bayad Agent, applicants must own a physical store, have a stable internet connection, and have an upgraded Bayad App account.
Bayad App is then downloadable via Google Play, App Store, and Huawei App Gallery.
Once the Bayad App account has been upgraded, applicants must tap the "Business" icon in the Bayad App dashboard, tap "Asenso," and proceed with the registration process.
The registration form will require an attachment of either the barangay business permit, DTI Business Registration, Mayor's Permit, BIR Registration, SEC Registration, Amended Business Permit, or RSA License.
For further queries on Bayad Agent registration and onboarding, you may email qmgonzales@bayad.com or call us at 09989652330. Bayad provides end-to-end support services for efficient payment and collection processing.
Income opportunities
Bayad Asenso agents can earn an average of P5.50 for every bill payment transaction and P4.00 for every P100 load transaction. This provides a viable, sustainable income stream, enhancing the profitability of small businesses.
A newly registered Bayad Agent must have an initial wallet fund of at least P3,000.00 to start processing payment transactions.
Bayad Agents can fund their wallets through digital money transfer platforms or over the counter at Bayad Centers, BDO, Eastwest Bank, and RCBC.
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