CIS Bayad Center, Inc. and Tala Financing Philippines, Inc. have recently sealed their partnership.
Early this year, Tala reached one million wallet users on their mobile application, and with Tala’s partnership with Bayad, Meralco bill payments are now possible with the use of its mobile app.
Tala customers are now able to pay bills in real time using their credit of up to PHP 25,000 via the Tala app. With flexible credit terms, users can also choose when to repay within 61 days.
Bayad President and CEO Lawrence Y. Ferrer said, “We continue to strengthen our digital footprint by co-creating payment innovations with forward-thinking fintech institutions like Tala. We are one with Tala as we help boost the financial well-being of our kababayans. We are keen on expanding our biller ecosystem as we bring our one-stop bills payment solution in the Tala App. With this, Tala will also soon be able to accept payments for other electric and water utilities, telecommunications, cable, internet, insurance, online shopping, and many others.”
“We believe everyone deserves access to financial services, regardless of their background or circumstances. As the Philippines is Tala’s innovation hub, and its largest market in Asia, we view this collaboration with Bayad as part of our ongoing commitment to financial inclusion as we step up to help revive our economy.” Tala’s Chief Business Officer Jori Pearsall stated.
For more information, visit Tala and Bayad.
