Online payment platform Bayad is ‘best collector’ partner

Bayad, the pioneer and the most trusted brand in the outsourced payment collection industry in the Philippines, and now a full-service fintech subsidiary of the biggest power conglomerate in the country — Meralco, was recently conferred as SSS' Best Collecting Partner under the non-bank category during the 2022 Balikat ng Bayan Awards.

The said award-giving body has been established since 1995 and has continued to recognize individuals, employers, and organizations that significantly contributed to SSS' pursuit of its mandate, which underpins the importance of saving and investing among its members and their beneficiaries.

This 2022, SSS puts Bayad in the spotlight, acknowledging the company's consistent compliance with accurate and timely collection reports and its active participation in the integral programs of the institution. Apart from these, Bayad breaks records with a 9 percent growth rate increase in SSS contribution transaction volume from 2021 to 2022, which substantiates how Bayad ceaselessly scales up its physical and digital payment touchpoint to deliver a one-stop-shop payment solution to its customers.

With this, SSS members can now conveniently access other bill payment services covering various government contributions, loans, electric and water utilities, cable and internet, tuition fees, online shopping, insurance, and many others. This payment experience is backed up by Bayad's real-time posting feature, allowing SSS members to process and monitor instant and seamless contribution payments.

Bayad president and CEO Lawrence Y. Ferrer underscored, "All of our efforts in Bayad are directed towards the belief that Filipinos deserve to be rewarded for their hard work. We will stand with SSS every step of the way as we elevate the financial experience of its members through convenient and secured payment transactions."