Industry Trailblazers Bayad Center and TrueMoney Team Up
Living up to its continuous commitment of providing convenience in bills payment, Bayad Center formally enacted its partnership with Financial Technology Company TrueMoney last December 19, 2017 at the Lighthouse, Meralco Compound Ortigas Avenue Pasig City.
Present in the signing were executives from both TrueMoney Philippines and Bayad Center, who engaged in a productive discourse on maximizing this partnership between two Industry Leaders.
The partnership brings the Bayad Center service closer to the paying public, especially in far-flung areas of the Philippines, with TrueMoney Philippines’ nearly 7,000-strong agent network, while TrueMoney gaining access to the expansive network of biller partners that Bayad Center currently maintains.
President and CEO of TrueMoney Philippines Xavier Marzan has this to say during the signing “We, at TrueMoney are very excited about this partnership with Bayad Center. With Bayad Center having top notch relationships with a lot of biller partners and companies, and with TrueMoney, having a wide network of payments and financial services that stretches out to the rural areas nationwide. Definitely looking forward to improving and escalating our relationship with Bayad Center further to not only disrupt the market but also to tap the underserved opportunities”.
TrueMoney - whose shareholders include the C.P. Group from Thailand and Jack Ma’s Ant Financial from Chinais the largest and fastest growing financial life platform in the region. From one market nearly two years ago, it is now present in six emerging markets in the region: Thailand, Vietnam, Indonesia, Myanmar, Cambodia and the Philippines. TrueMoney started operating in the country a year ago and it now has approximately 7,000 centers or partner agents, with continuing expansion across different regions in the country.
Through this partnership, households in the rural areas can now easily proceed to TrueMoney outlets to pay for the following bills: Meralco, Albay Power & Energy Corp., PANELCO 1, PANELCO II, TARELCO I, Leyte II Electric Cooperative, Manila Water Company, Maynilad Water, Pampanga II Electric Cooperative and San Jose Del Monte Water District. These number of billers would continually increase in the coming months. This partnership is consistent with the mission of both companies to provide bill paying convenience to the public giving access to the underserved and unbanked segments of the population wherever they may be.
About Bayad Center
Bayad Center is the country’s pioneer and leader in the multi-platform bills payment collection business. To know more about Bayad Center visit www.bayadcenter.com.