Two financial services innovators – Bayad, the country’s most trusted payments authority and Home Credit Philippines, a provider of world-class consumer finance solutions, recently partnered to improve the payment experience for their customers. existing and future customers.
Since starting local operations in 2013, Home Credit Philippines has helped Filipinos obtain affordable in-store financing for gadgets and electronic needs as well as digital payment services. Almost 8 million customers have benefited from the various Home Credit services, including those offered through the My Home Credit app.
Bayad now powers the bill payment services of the My Home Credit app. The initial activated invoices are Meralco, Easytrip and Autosweep, and soon other invoices can be paid through the app. Thanks to this partnership, users of the My Home Credit app now have access to Bayad’s extensive list of billing partners. They can pay more bills wherever they are, saving them travel costs and time, and staying safe in their homes as much as they can. Soon, they will also be able to settle their loans at more than 70,000 Bayad payment contact points across the country.
“At Bayad, we continue to expand our network by co-creating payment innovations with forward-thinking companies like Home Credit. We want our customers to appreciate the ease of making financial transactions wherever and whenever they are. I believe this is the true value of digital and contactless bill payment, which is why we continue to strengthen our digital footprint through various collaborations, ”said Lawrence Ferrer, CEO of Bayad.
In her statement, Sheila Paul, Marketing Director of Home Credit, shares “Partnering with the country’s largest payment platform is a step in the right direction for us. Thanks to this, Home Credit and Bayad continue to strive to be at the forefront of the digital payments revolution in the Philippines. “
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