November 26, 2022

CIS Bayad Center Inc., the pioneer and most trusted brand in the outsourced payment collections industry in the Philippines and now a full-service fintech subsidiary of the country’s largest energy company – Meralco – was recently recognized as the Best Collections Partner by SSS in the non-bank category during of the Balikat ng Bayan Awards 2022.

Said awarding body has been in existence since 1995 and continues to recognize individuals, employers and organizations who have contributed significantly to SSS fulfilling its mandate, underscoring the importance of saving and investing among its members and their beneficiaries.

This year 2022, SSS Bayad is taking the spotlight, recognizing the company’s consistent adherence to accurate and timely collection reports, as well as its active participation in the institution’s integral programs. Apart from that, Bayad is breaking records with a 9 percent growth rate in SSS contribution transaction volume from 2021 to 2022, demonstrating how Bayad is incessantly expanding its physical and digital payment touchpoint to offer its customers a one-stop-shop payment solution. With this, SSS members can now conveniently access other bill payment services covering various government dues, loans, electric and water utilities, cable and internet, college tuition, online shopping, insurance and many others. This payment experience is also supported by Bayad’s real-time posting feature, which allows SSS members to process and monitor instant and seamless contribution payments.

Lawrence Y. Ferrer, President and CEO of Bayad, emphasized, “All of our efforts at Bayad are centered on the belief that Filipinos deserve to be rewarded for their hard work. We will stand with SSS every step of the way as we improve the financial experience of its members through convenient and secure payment transactions.”

Government, financial and banking institutions interested in becoming part of Bayad’s extensive network of billers and payment channels can email Bayad enables partners to have a nationwide presence and offers end-to-end support services for efficient payment and collections processing.

Photo credit: CIS Bayad Center Inc.