Bayad franchise program offers further growth for SMEs

When it comes to bills payment, the name Bayad immediately comes to mind because for more than two decades now, the company has been making payments more accessible, convenient, and secure for Filipinos. 

In touch with the changing times and customer needs, the company rebranded from being Bayad Center to Bayad early this year. It continues to innovate and grow its product portfolio, expand its network of billers and partners, as well as strengthen its onsite and online presence, living out its commitment to be bigger, better, and younger. Evolving from a payment outlet solely for Meralco bills, Bayad has become the most trusted authority in payments and other financial services for every home and every community.  Currently, Bayad has more than 70,000 payment touchpoints nationwide.

Bayad has also been powering and supporting the bills payment capability of numerous mobile apps such as Gcash and PayMaya, e-commerce platforms like Lazada and Shopee, banks such as Maybank and BPI, and government agencies like SSS, GSIS, and MMDA.

bayad logo

Alongside its continued efforts to innovate payment solutions, Bayad also brings business opportunities to enterprising Filipinos through its franchising program, which has been catapulted to the Franchise Excellence Hall of Fame of the Philippine Franchise Association (PFA). 

Paying bills is a fact of life thus it makes for a viable business venture. It covers a huge market base as everyone has essential needs to settle – from housing, utilities, insurance, medical – important services necessary for people to survive and thrive. Adding a Bayad Center franchise can boost existing small and medium businesses like bakeries, general merchandise,pharmacies, pawnshops, groceries, cooperatives, and travel agencies, to name a few. Bayad is known to generate customers traffic with its highly in-demand service backed by a trusted brand name and reputation. 

According to Bayad President and CEO Lawrence Y. Ferrer, “Our franchise program creates avenues for SMEs to expand their revenue streams while providing value-added services to their customers. We invite business owners to explore our franchise model, join our growing family and elevate the financial experience of Filipinos.”

SME business owners can opt to avail of affordable franchise package for a counter that will enable them to process more than 350 biller brands. On top of bills payment, Bayad Center franchisees can also provide other financial services such as e-loading, remittance, ATM transactions, insurance, loan pay-out, medical reimbursement and more.

For example, A start-up franchise package for a Bayad counter within 2 square meter existing business in   Metro Manila entails an initial investment of only Php 50,000 and Php 35,000 if they’re outside Metro Manila, and the return on investment could be achieved within the first to second year of operations. Approved franchise applicants will be provided training, marketing support, and regular consultation with Bayad. 

To know more information about the opportunities of Bayad’s franchise program as well as the application process, visit the virtual booth of Bayad at Franchise Asia Philippines 2021 or their website at www.bayad.com. You may also email franchising@bayad.com or call +63 998 963 7969.

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