Bayad Center taps CIMB Bank PH for Digital Banking Solutions
CIMB Bank PH recently signed a partnership with Bayad Center that would launch a new and innovative financial solution unique to Bayad Center customers. With this move, CIMB Bank PH aims to further drive banking adoption that would promote financial inclusion in the Philippines. “We pride ourselves in being an all-digital platform bank that empowers customers through strategic partnerships. We are very excited with this new engagement with Bayad Center, as we see it as an opportunity to not only reach more Filipinos, but also allow us to showcase our expertise in providing financial solutions to our customers through our services,” CIMB Bank PH CEO Vijay Manorahan said. Among these products are seamless savings account opening and filing applications for loans, all on the Bayad Center App, powered by CIMB Bank’s digital financial solutions. “This partnership with CIMB opens up many opportunities for our existing customers, wherein they can access these digital banking solutions through the Bayad Center App,” said Bayad Center President and CEO Manuel L. Tuason. Through this collaboration, more Filipinos will be able to enjoy the convenience of CIMB’s products, such as seamless 10-minute account opening, zero maintaining balance and transaction fees, and 24/7 access to their money that will allow for a unique digital banking experience for consumers, which will be made accessible soon thru Bayad Center App, its 38,000+ payment touchpoints nationwide and CIMB Bank PH’s mobile app. “Working with an all-digital mobile-first bank in the country, this will greatly help Bayad Center on its promise of providing payment convenience to Filipinos, to offer financially inclusive products,” Bayad Center Chairman of the Board, Meralco President and CEO Atty. Ray C. Espinosa explained.
BAYAD CENTER is the biggest and widest multichannel payment platform in the Philippines. It is the pioneer and market-leader in the outsourced bills payment collection industry. BAYAD CENTER is a subsidiary of the Manila Electric Company (Meralco), and a member of the MVP group of companies.