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GSIS partners with Meralco Bayad Center to accept members’ loan payments
Date Posted: December 29, 2020

The Government Service Insurance System (GSIS) has partnered with Meralco Bayad Center to accept loan payments from GSIS members across the country.

This agreement between the state pension fund and Bayad Center was signed by GSIS President and General Manager Rolando Ledesma Macasaet and CIS Bayad Center Inc. President and CEO Lawrence Y. Ferrer in a virtual ceremony on December 21.

“Starting January 22, 2021, GSIS members will be able to pay their GSIS loans at the Bayad Center nearest their home. Hindi na kailangang pumunta sa GSIS branch just to settle loan obligations. This is part of our continuing efforts to make our services fast and convenient. Hangad namin sa GSIS na makapag-hatid at makapag-dulot ng ginhawa sa lahat ng aming miyembro at pensyonado,” Macasaet said.

The partnership also aims to provide an accessible payment system brought about by the pandemic.

“The Meralco Bayad Center has over 40,000 outlets or touchpoints all over the country Saan mang sulok sa Pilipinas – mula Aparri hanggang Tawi-Tawi – merong Bayad Center,” Macasaet said.

He added that GSIS selected Meralco Bayad Center for being the pioneer, market leader, and an established brand with over 20 years of experience in bills payment collection in the country.

For the part of Bayad Center, Ferrer said “Saludo kami sa mga kawani ng gobyerno for their hard work that’s why we are here now. We are happy to extend this payment solution to GSIS. It’s a good gift that you can give to your members. To GSIS members, we assure you that your hard-earned payments will reach the right hands.”

GSIS members who may avail of the Bayad Center facility are those who will pay their loan amortization in advance; have underpaid accounts; have delayed payment; or with accounts which are already in default (unpaid for more than six months). Aside from the Bayad Center facility, the other modes of payment available to GSIS members are through agency remittance and payment over-the-counter at any of the GSIS branch offices.

The GSIS loan accounts that may be paid through Bayad Center are Enhanced Salary Loan; Emergency Loan Assistance; Summer One Month Salary Loan; eCard Cash Advance; Enhanced Consoloan; emergency loan; Home Emergency Loan Program; Study Now, Pay Later Loan; Fly PAL, Pay Later Loan; Educational Assistance Loan (EAL); Stock Purchase Loan; Regular Policy Loan; Optional Policy Loan; GSIS Financial Assistance Loans; Program for Restructuring and Repayment of Debts; Multi-Purpose Loans (MPL) and other upcoming GSIS loans.

GSIS members have to present SMS notification received from GSIS or loan balances displayed through eGSISMO and proceed to the nearest Bayad Center and fill out a transaction slip with their full name, business partner (BP) number, loan type, payment amount, and mobile number. The slip, which will be validated by Bayad Center, will serve as proof of payment. Payments of GSIS members accepted at Bayad Center will be remitted to GSIS in real time. Payors will receive payment confirmation through SMS within twenty four (24) hours from receipt of the payment made.

Members may get their BP number from their agency authorized officers designated by their human resource department or from the GSIS Contact Center at 8847-4747 if in Metro Manila or 1-800-8-847-4747 (for Globe and TM subscribers) or 1-800-10-847-4747 (for Smart, Sun, and Talk ’N Text subscribers).

Also virtually present during the signing ceremony were GSIS Executive Vice President for Core Business Sector Atty. Nora Malubay and Meralco Bayad Center Chief Operating Officer and Senior Vice President Francispito P. Quevedo who signed the agreement as witnesses. The two executives signed the agreement as witnesses.