Micro-entrepreneurs—including sari-sari store owners—account for nine in every 10 businessmen in the country. Now, these hardworking business owners can increase their income potential with the help of an easy-to-use software solution.
Multi-channel payment platform CIS Bayad Center Inc. introduces Bayad Asenso, a featured service within the Bayad App that empowers entrepreneurs to offer customers safe and convenient access to payment services. This is especially useful in areas where financial institutions and payment centers for utilities and other services are not easily accessible.
Bayad, a wholly owned unit of Manila Electric Co., owns the Bayad App, an all-in-one pera transaction app available on Google Play and the App Store.
“We are providing tens of thousands of Filipino entrepreneurs the opportunity to earn more through an easy-to-use app interface and platform, and an affordable business package to become agents of Bayad to help facilitate bill payments, remittances, electronic wallet loading and other financial services needed by Filipinos,” said Lawrence Y. Ferrer, Bayad president and CEO.
“The requirements are simple. The prospective agent just needs to have an existing business with a store front and owns a smartphone that has internet access,” Ferrer added.
For sari-sari store operators, Bayad will not require any minimum capital to make it easier for these small shop owners to become agents of the company.
Bayad Agents are offered multiple funding options for their wallet, account management, reports and transaction history, customer support, QR payment, and rewards.