How to Franchise: Bayad Center
Interested to start your own Bayad Center franchise?
Here are relevant information that can help you understand how to franchise, how much you need and who to contact to start your own Bayad Center shop in the Philippines.
About the 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 be present in every possible neighborhood in the country, CBCI transitioned into a franchising organization.
At present, Bayad Center is owned by Meralco and is part of the Metro Pacific Investments (MPI) group of companies under Manny Pangilinan.
Main Products and/or 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, Globe, PLDT, Digitel, PilTel, BayanTel, Sun Cellular, Subic Telecom, PT&T
- PhilHealth, Pagibig, SSS, NSO
- Cebu Pacific, Philippine Airlines, Air Asia
- SkyCable, Cignal, Global Destiny, MyCATV
- PhilamLife, Manulife, SunLife Financial, PruLife, CocoLife, etc.
Total Franchise Cost / Investment
P350,000 franchise fee for 5 years, excluding equipment and cash bond (as of 2010)
Pay for Performance / Earnings for Franchise Owners
Franchisees earn a fixed amount per transaction processed. In the case of bills payment collection, for example, Bayad Center franchise owners get P5.00 to P7.50 per paid bill.
Other transactions are charged a different fixed commission amount.
MS. TZADDI CARREON
- Tel. (632) 1622 6067
MS. ANTONETTE P. GIRAY
MS. ABHIGAIL A. OCAMPO
- Tel. (632) 631-2222 local 6067
- Mobile: (0925) 814-3266
Sources: Official Company Website