How to Franchise: Bayad Center in the Philippines
In the past years, the Bayad Center has made bills payment convenient for most Filipinos. No need to line up for hours. Because with hundreds of Bayad Center outlets nationwide, it has now become easier and hassle-free to pay your Meralco bill, cable, internet, or other utility bills, and even your credit card bill.
With this in mind, are you considering to franchise your own Meralco Bayad Center outlet soon?
Read below to find out how much the franchise fee is, your potential earnings commission, payback period and return on investment, and who you should contact to be able to start your own Bayad Center franchise in the Philippines.
About Bayad Center
The Bayad Center is a pioneer in the Philippines in the industry of Outsourced Payment Collections. It was established in May 1997 and was originally known as the Payment Collection Service, a division of Corporate Information Solutions (CIS).
In 2006, Bayad Center has spun-off from CIS to become the CIS Bayad Center, Inc. A year later, as part of its mission to expand nationwide, CBCI transitioned into a franchising organization.
At present, Bayad Center is owned by Manila Electric Co. (Meralco) and is part of the Metro Pacific Investments (MPI) group of companies under Manny V. Pangilinan.
It is recognized as a leading player in the global outsourced payment collection, money remittance, e-loading, and application acceptance.
Main Services Offered
- Bills Payment
- Business Service
Companies Accepted for Bills Payment in the Bayad Center
- Meralco (and other regional power companies such as Visayan Electric Co., PANELCO, Beneco, Davao Light, APEC, etc.)
- Maynilad, Manila Water and other water companies (Laguna Water, Subic Water, Silang Water, BP Water Works, etc.)
- Smart Communications, Sun Cellular, and PLDT
- Globe Telecom
- Digitel, PilTel, BayanTel, Subic Telecom, PT&T
- Social Security System (SSS)
- National Statistics Office (NSO)
- Land Transportation Office (LTO)
- Cebu Pacific, Philippine Airlines, Air Asia
- SkyCable, Cignal, Global Destiny, MyCATV
- PhilamLife, Manulife, SunLife Financial, PruLife, CocoLife, etc.
The franchise fee for a Bayad Center is P350,000 pesos for a term of five (5) years, plus 12% VAT.
But there are other investment costs the franchise owner also has to pay, including equipment (around P120,000), site renovation costs (P150,000), and cash bond (P600,000).
The franchise fee already includes support from Head Office such as training, constant feedback, and marketing activities.
Bayad Center requires the minimum floor space to be 15 sq. m.
Pay for Performance / Return on Investment
Franchisees earn a fixed amount per transaction processed in the Bayad Center.
In the case of bills payment processing, for example, Bayad Center franchisees get P5.00 to P7.50 per paid bill.
Other transactions are charged a different fixed commission amount.
According to Bayad Center, the payback period or return of investment period is two (2) years.
Telephone Number: (02) 672-5700 loc. 5040
Mobile / Cellphone Number: 0917-8363000 / 0920-9663000
Check out other Filipino franchising opportunities! Complete list of Philippine companies available for Franchising
Sources: Official Company Website