Two fintech innovators – CIS Bayad Center, Inc. (Bayad), the country’s pioneer brand in the outsourced payment collection system, and Tala Financing Philippines, Inc. (Tala) - a global leading money app for the underbanked, has officially sealed its partnership, sharing the same goal of elevating the financial experience of Filipinos.

Since 2017, Tala has been providing financial tools that help its customers manage their household expenses and help them navigate opportunities to invest in small businesses. Tala has recently reached one million wallet users on its mobile application since its official launch earlier this year. Through its partnership with Bayad, Tala now enables Meralco bill payments in its mobile application, while also offering quick and easy ways to pay loans, allowing its customers to settle their bills on time.

Today, Tala customers can now pay their bills in real time using their credit of up to PHP25,000 all within the Tala app. With its flexible credit terms, customers have the freedom to choose when to repay within 61 days, aligning with their respective income cycles.

Bayad President and CEO Lawrence Y. Ferrer shared, “We continue to strengthen our digital footprint by co-creating payment innovations with forward-thinking fintech institutions like Tala. We are one with Tala as we help boost the financial well-being of our kababayans. We are keen on expanding our biller ecosystem as we bring our one-stop bills payment solution in the Tala App. With this, Tala will also soon be able to accept payments for other electric and water utilities, telecommunications, cable, internet, insurance, online shopping, and many others.”

Tala’s Chief Business Officer Jori Pearsall added, “We believe everyone deserves access to financial services, regardless of their background or circumstances. As the Philippines is Tala’s innovation hub, and its largest market in Asia, we view this collaboration with Bayad as part of our ongoing commitment to financial inclusion as we step up to help revive our economy.”

For fintech institutions like Tala that are interested to be part of Bayad’s extensive 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.

In photo (L-R):   Lawrence Y. Ferrer – Bayad President and CEO, Dennis S. Gatuslao – Bayad Chief Commercial and Marketing Officer, Charles Benedict Mascenon – PitakaMo IT Solutions and Marketing Corporation VP for Operations, and Alexander Benedict Mascenon – PitakaMo IT Solutions and Marketing Corporation President and CEO

Gaining foothold in the retail industry, AllEn One has already established over 47 store branches nationwide in just a span of 2 years. As the company thrives through expansion, it continues to offer value added services including a one stop shop bills payment solution, enabled by Bayad’s upgraded system integration with PitakaMo.

Today, AllEn One customers can expect seamless payment transactions with various billers covering services like electric and water utility, cable & internet, government contributions, loan payments, school tuition fees, online shopping, insurance, and many others.

To top it off, most of these billers offer real-time payment posting allowing customers to pay their bills instantaneously, without delay, 24 hours a day, seven days a week.  

Bayad President and CEO, Lawrence Y. Ferrer shared, “We and PitakaMo share the same goal of providing convenient financial services. Together, we’ve enhanced a one stop shop bills payment solution as we respond to the various needs of the customers that we both serve, especially those who are always on the go. Ultimately, we stand with PitakaMo in shaping the future of fintech as we help make payment transactions frictionless, secured, and more accessible to Filipinos.”

PitakaMo President and CEO, Allen Benedict Mascenon added “Our partnership with Bayad Center is vital in providing essential services through our AllEn One Grocery, Pharmacy & Payment Centers nationwide.”

For financial institutions and businesses like PitakaMo that are interested to be part of Bayad’s extensive 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.