Bayad Named SSS Best Non-Bank Partner 2024

Bayad, a pioneer in the outsourced payment collection industry in the Philippines and a full-service fintech subsidiary of Meralco, was honored as the Best Non-Bank Collecting Partner by the Social Security System (SSS) during the prestigious 2024 Balikat ng Bayan Awards.

Bayad Recognized as SSS Best Non-Bank Collecting Partner: (From left to right) SSS EVP for Investments Sector Ernesto Francisco Jr., SSS EVP for Corporate Services Sector Elvira Alcantara-Resare, SSC Commissioner Bienvenido Laguesma, Bayad Chief Commercial and Marketing Officer Dennis S. Gatuslao, Bayad Account Officer for Government Payments Dwight Cedrix B. Castro, SSS President and CEO Rolando L. Macasaet, and SSS EVP for Branch Operations Sector and 2024 Balikat ng Bayan Awards Chairman Atty. Voltaire Agas celebrates Bayad’s recognition at the 2024 SSS Balikat ng Bayan Awards.

The event took place on September 19, 2024, at the SSS Building in Quezon City, marking yet another milestone in Bayad’s continued commitment to championing financial inclusion and service excellence.

Now in its 29th year, the Balikat ng Bayan Awards annually recognizes individuals, employers, and organizations for their exceptional support in upholding SSS’s programs and ensuring efficient benefit distribution.

Bayad’s recognition as the Best Non-Bank Collecting Partner underscores its dedication to providing accessible, over-the-counter, and digital payment platforms for millions of SSS beneficiaries.

Bayad’s efforts have driven significant improvements in the country’s financial landscape, with a notable 19% increase in contribution transactions from 2023 to 2024.

This growth reflects the company’s focus on expanding its payment touchpoints, ensuring that Filipinos can seamlessly settle their SSS contributions through various channels.

Aside from facilitating payments, Bayad has consistently promoted financial literacy through its advocacy programs, strengthening its mission to foster financial inclusion across the nation.

Lawrence Y. Ferrer, President and CEO of Bayad, expressed his gratitude for the recognition, saying, "Bayad is devoted to upholding excellence in elevating the payment experience of Filipinos. We continue to expand our network of physical and digital touchpoints to provide SSS beneficiaries with accessible and reliable payment options for their contributions. We are with SSS every step of the way towards our thrust for financial inclusion.”

The award also highlights Bayad’s dedication to supporting its partners, including government institutions, financial organizations, and banks, by offering end-to-end solutions for payment processing and collection.

This nationwide network enables Bayad to extend its reach to all corners of the country, ensuring that beneficiaries, regardless of their location, can access secure and convenient payment options.

For those interested in becoming part of Bayad’s extensive network, inquiries can be made at partnerships@bayad.com.

With its robust system aggregating billers and providing seamless service, Bayad continues to be a key player in the fintech industry, making financial transactions easier and more efficient for all Filipinos.