Bayad, the pioneer 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 once again conferred as SSS’ Best Non-Bank Collecting Partner during the SSS 2024 Balikat ng Bayan Awards, held last September 19, 2024, at the SSS Building, East Avenue, Quezon City.
Now on its 29th year, the Balikat ng Bayan Awards continues to recognize individuals, employers, and organizations for their adherence to the Social Security System requirements for benefit coverage and distribution, accuracy and promptness in submitting essential reports, and participation in SSS programs.
Bayad’s Best Non-Bank Collecting Partner award is a testament of the organization’s commitment and dedication in providing a wider coverage of over-the-counter and digital payment platforms for SSS beneficiaries, enabling a 19% growth rate increase in contribution transactions from 2023 to 2024. Aside from this, Bayad has also continued to boost its advocacy programs on financial literacy that aims to speed through its common vision of amplifying financial inclusion in the country.
Bayad President and CEO, Lawrence Y. Ferrer underscored, “Bayad is devoted to upholding excellence in elevating the payment experience of Filipinos. We continue to expand our network of physical and digital touchpoints to provide SSS beneficiaries with accessible and reliable payment options for their contributions. We are with SSS in every step of the way towards our thrust for financial inclusion”.
For government, financial, and banking institutions that are interested to be part of Bayad’s extensive biller and payment channel network, you may send an email to partnerships@bayad.com. Bayad enables partners to attain nationwide presence and provides end-to-end support services for efficient payment and collection processing.