MERALCO exits Bayad Center

Move consolidates Bayad Center under Kayana Solutions, still within MVP-led group.

Bayad Center is leaning further into its digital transformation as MERALCO exits its stake in the payment service, transferring ownership to a subsidiary focused on electronic payments.

MERALCO and its subsidiary Corporate Information Solutions, Inc. (CIS) are selling their equity interest in Bayad Center to Kayana Solutions, Inc. in a move that consolidates the platform under a single digital payments operator.

MERALCO owns 5% of Bayad Center, while its subsidiary Corporate Information Solutions, Inc. (CIS) holds 85%. Both entities, along with Kayana Solutions, Inc., are part of the Manny V. Pangilinan-led group, making the transaction an internal consolidation rather than a change in control. The deal effectively brings Bayad Center fully under Kayana Solutions’ digital payments portfolio within the group.

Why now? The Kayana strategy

Kayana Solutions is an electronic payment and reward system company also under the same group, positioning Bayad Center more firmly within its existing digital ecosystem.

Bayad Center is a leading bill payment service that also houses branches in MERALCO payment centers. The absorption of shares by Kayana Solutions signals a greater shift towards digital integration, as more Filipinos increasingly turn to digital payments for regular transactions.