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July 19, 2024

BDO among BayaniPay’s new partners for cross-border ‘bills pay’ service

BayaniPay Inc. (BayaniPay) has partnered with BDO Unibank Inc., SM Development Corp., and Ortigas Land Corp. to introduce the real estate payments service of its cross-border payments solution called “bills pay”.

The partnership enables overseas Filipinos in the US to “conveniently and securely acquire and invest in homes and properties in the Philippines,” according to a statement from BayaniPay.

The CEO of BayaniPay, Winston Damarillo, said during a roundtable discussion that the partnership helps plug the gap in cross-border payments for the real estate investment market worth P1 trillion.

The service allows real estate developers to collect, automate, and reconcile payments with ease through a custom dashboard, according to the firm.

The partnership is expected to support the recovery of the real estate market this year and beyond.