BDO expands Bayad tieup for easier bills payments

MANILA, Philippines — BDO Unibank Inc. has expanded its partnership with Bayad to further elevate the payment experience of Filipino consumers through an expanded roster of bills that can be paid through various channels.

Carlo Nazareno, cash management services head at BDO, said both BDO and Bayad have been expanding their bills payment network to make transactions faster, more convenient, and safer for customers in light of the pandemic.

“We are very cognizant of how convenience plays a crucial role in customer experience, Our bills payment facility allows customers of our partners to do their transactions whenever and wherever they may be,” Nazareno said.

Nazareno said BDO’s bills payment facility allows clients to efficiently collect payments onsite and online.

“Having a good cash flow at this time is very important not only for businesses, but also for the people that those businesses sustain – customers, employees, and their families,” Nazareno said.

For his part, Bayad president and CEO Lawrence Ferrer said the company continues to take on an ecosystem-oriented stance that is key in accelerating growth for the company, partners, and industry as a whole.

“We continue to innovate and introduce key features in our system such as Bayad’s real-time posting of payments to enable higher-value services to our customers and offer them the ease and convenience of transacting with us. We support fellow finance players and we are happy to lend our expertise and network so we can bring financial services closer to Filipinos,” Ferrer said.

Bayad, the most trusted payments authority in the country, is now boosting the bills payment capability of BDO by allowing Meralco postpaid, prepaid (KLoad), and Radius Telecoms customers to pay their bills with real-time posting through BDO’s over 1,500 branches nationwide and BDO Online banking channel.

The tie up delivers greater convenience and accessibility to the growing users of Meralco postpaid, prepaid (KLoad), and Radius Telecoms nationwide, with Bayad as a bills payment partner.

BDO is the country’s largest lender owned by the family of the late retail and banking magnate Henry Sy. It has over 1,500 consolidated operating branches and more than 4,400 ATMs nationwide.

Bayad, the biggest and widest multi-channel payment platform enables partners to attain nationwide presence and provides end-to-end support services for efficient payment and collection processing. It has 40,000 payment touchpoints nationwide.