CIS Bayad Center Inc., the biggest multi-channel payment platform in the Philippines, is introducing an easy-to-use software solution that will increase the income potential of micro-entrepreneurs, who account for nine in every 10 businessmen, including sari-sari stores owners in the country.
Called Bayad Asenso, it is a featured service within the Bayad App that empowers fledgling entrepreneurs to offer customers safe and convenient access to payment services, especially in areas where financial institutions and payment centers for utilities and other services are not easily accessible.
Bayad, a wholly-owned unit of Manila Electric Co., owns the Bayad App, an all-in-one pera transaction app available on Google Play and the App Store.
“We are providing tens of thousands of Filipino entrepreneurs the opportunity to earn more through an easy-to-use app interface and platform, and an affordable business package to become agents of Bayad to help facilitate bill payments, remittances, electronic wallet loading and other financial services needed by Filipinos,” said Bayad President and CEO, Mr. Lawrence Y. Ferrer.
“The requirements are simple. The prospective agent just needs to have an existing business with a store front and owns a smartphone that has Internet access,” Ferrer added.
For sari-sari store operators, Bayad will not require any minimum capital to make it easier for these small shop owners to become agents of the company.
Bayad Agents are offered multiple funding options for their wallet, account management, reports and transaction history, customer support, QR payment and rewards all backed up by the pioneer and authority in outsourced payment collection service in the Philippines.
Bayad has nearly 104 million digital footprint, over 450 brands accepted, and processes more than 10 million bills payments every month.