Two financial services innovators – Bayad, the country’s most trusted payments authority and Home Credit Philippines, provider of world-class consumer financing solutions recently teamed up to elevate the payment experience of their existing and future customers.
Since it started its local operations in 2013, Home Credit Philippines has been helping Filipinos get affordable in-store financing for gadget and electronic needs as well as digital payment services. Almost 8 million customers have benefitted from Home Credit’s various services, including those offered through the My Home Credit App.
Bayad is now powering the bills payment services of the My Home Credit App. Initial billers activated are Meralco, Easytrip and Autosweep, and soon more bills may be paid through the app. With the partnership, My Home Credit App users now have access to Bayad’s extensive roster of biller partners. They can pay more bills wherever they are, enabling them to save on travel costs and time, and stay safe at home, as much as they can. Soon, they can also settle their loans in Bayad’s over 70,000 payment touchpoints across the country.
“We at Bayad, continue to increase our network by co-creating payment innovations with forward-thinking companies like Home Credit. We want our customers to enjoy the ease of doing financial transactions whenever and wherever they are. I believe that this is the real value of digital and contactless bills payment which is why we continue to strengthen our digital footprint through various collaborations,” says Mr. Lawrence Ferrer, Bayad President and CEO.
In her statement, Sheila Paul, Chief Marketing Officer of Home Credit, shares “Partnering with the country’s biggest payment platform is a step in the right direction for us. Through this, both Home Credit and Bayad continue to strive to be at the forefront of the digital payments revolution in the Philippines.”