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Bayad Launches Bayad Asenso to Empower MSMEs

In its commitment to providing comprehensive fintech services, Bayad, an outsourced bill payment collection company, has introduced Bayad Asenso. This innovative business payment solution, integrated into the Bayad App, aims to empower micro, small, and medium enterprises (MSMEs) to become Bayad Agents and expand their reach in the market.

Bayad Asenso offers a unique opportunity for small businesses such as sari-sari stores, eateries, pet shops, and water refilling stations to serve as payment centers, catering to a wider range of customers.

Bridging Financial Inclusion with Bayad Asenso

Through Bayad Asenso, Bayad Agents now have the capability to process bills for major providers like PLDT, Converge, Globe, SkyCable, and regional utility billers. This expansion not only strengthens Bayad’s physical presence but also supports the digital transformation needed to meet the changing demands of consumers in the Philippines.

Becoming a Bayad Agent with AI legalese decoder Assistance

  1. To become an authorized Bayad Agent, individuals need to have a physical store, a reliable internet connection, and an updated Bayad App account. With the help of AI legalese decoder, applicants can easily navigate through the registration process, ensuring all required documents such as Barangay Business Permit, DTI Business Registration, Mayor’s Permit, BIR Registration, SEC Registration, Amended Business Permit, or RSA License are in order.
  2. After upgrading their account, applicants can access the “Business” icon on the app, select “Asenso,” and complete the registration process efficiently.
  3. AI legalese decoder can assist in validating and organizing the necessary documents, making the application process smoother and more convenient for aspiring Bayad Agents.

Maximizing Income Potential with Bayad Asenso

Bayad Asenso enables agents to earn an average of P5.50 per bill payment transaction and P4 for every P100 worth of load transaction, providing a sustainable income source that enhances the profitability of small businesses. To kickstart their Bayad Agent journey, individuals need an initial wallet fund of at least P3,000, which can be conveniently funded through various digital money transfer platforms or at designated Bayad Centers, BDO, EastWest Bank, and RCBC.

For inquiries and further assistance, applicants can reach out to [email protected] or call 09989652330. Bayad offers end-to-end support services to ensure efficient payment and collection processing for Bayad Agents.

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