Digital bank GoTyme Bank and outsourced payment collection system provider Bayad forged a partnership to enhance bill payment services for the bank’s customers.
The collaboration enables GoTyme app users to access a diverse range of biller brands powered by Bayad. Covering household utilities, tollway RFID load, e-loading, telco, internet, government contributions, and more, the GoTyme app is tailored for the evolving e-payment preferences of the Philippine market, offering a seamless one-stop-digital-shopping experience.
“We take pride in our over 3,000 biller brands which we are keen on also integrating with our payment channel partners like GoTyme Bank,” said Lawrence Ferrer, president and CEO, Bayad. “Bayad has been committed to making digital finance more accessible and easier for Filipinos. Through our partnership with GoTyme Bank, we are optimistic that we will further the financial inclusion in the country.”
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GoTyme Bank is a joint venture between the Gokongwei group of companies and the multicountry digital banking group Tyme.
Managing personal finances
Upon opening a GoTyme Bank account, customers can acquire a complimentary GoTyme Bank Visa debit card at kiosks within the retail footprint of the Robinsons group nationwide, including Robinsons Supermarket, The Marketplace, and Robinsons Department Store. These Visa cards facilitate over-the-counter payments for shopping and cash withdrawals.
“Through our partnership with Bayad, GoTyme customers can manage their personal finances from the comfort of their homes,” said Albert Tinio, co-CEO, GoTyme Bank.
GoTyme Bank clients can leverage the partnership to transfer funds between GoTyme and Bayad app accounts.