Thursday, February 29, 2024

Bayad and Forge Strategic Alliance to Revolutionize E-Commerce Payments in the Philippines


Bayad and Forge Strategic Alliance to Revolutionize E-Commerce Payments in the Philippines

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CHAMPIONING DIGITAL FINANCIAL INCLUSION: In photo from left to right are CEO Ariel Surca, Chairman Jae Jung Jang, Bayad President and CEO Lawrence Y. Ferrer, and Bayad Chief Marketing Officer Dennis Gatuslao.

Bayad, a trailblazing brand in the outsourced payment collection system within the Philippines, strengthens its collaboration with Inc., a cloud-based financial application provider, as it adopts a more assertive approach in the e-commerce sector through its remittance and bills payment services.

In this strategic partnership, will seamlessly integrate its biller brands with Bayad. This integration enables Bayad’s physical and digital touchpoints to accept payments for various entities, including government institutions such as the Bureau of Quarantine, LTFRB, and selected LGUs nationwide. Academic institutions like the Philippine Merchant Marine Academy, National Maritime Polytechnic, Baliwag Maritime Academy, and Scuola Maria in Batangas, as well as e-commerce businesses like Palengke.PH, will also benefit from this collaboration.

Lawrence Y. Ferrer, President and CEO of Bayad, emphasizes the commitment to enhancing payment experiences for Filipinos. “We prioritize security and convenience in our collection service, constantly optimizing cybersecurity measures and upgrading real-time posting features for seamless end-to-end transaction processing. Through our partnership with Pisopay, we aim to serve Filipinos from all walks of life and elevate their payment experience.”

Jae Jung Jang, Chairman of, underscores the worry-free financial partnership they offer. “Pisopay is your reliable financial ally, empowering businesses with fast, secure payments, collection, and remittances. As a one-stop shop, we simplify complex finances through trusted technology. With our partnership with Bayad, we ensure double security and an extended reach to clients nationwide, especially in unbanked communities. We provide seamless service, wherever and whenever.”

For fintech institutions interested in joining Bayad’s extensive bills payment collection network, reach out via email to Bayad facilitates nationwide presence for partners and offers end-to-end support services, ensuring efficient payment and collection processing.