PayMongo transforms into digital financial services solutions provider

PayMongo is transforming itself into a digital financial services solutions provider from an electronic payment gateway to help drive digital economic growth, with particular focus on micro-, small- and medium-sized enterprises.

The five-year-old financial technology company continues to introduce financial solutions that fosters MSMEs transition to become digital entrepreneurs.

“In our early days, we were only empowering businesses through digital payments solutions. Today, we are transforming MSMEs and SMEs to become part of the growing internet economy as active digital entrepreneurs. Thank you for being with us on this journey. Here’s to the next five years,” said PayMongo chairperson and co-founder Luis Sia.

During the company’s 5th year celebration, PayMongo chief executive officer Jojo Malolos recalled how the company has introduced innovative digital financial solutions that cater to the diverse needs of businesses, both online and offline, and contributed to the advancement of the Philippine fintech industry.

“Our strategic approach, aimed into transforming the ‘negotiates’ in the MSMEs segments into digital Filipino entrepreneurs, has proven to be successful,” Malolos said.  

Malolos said the 2023 accomplishments and new direction of PayMongo moving forward restored the confidence of key stakeholders including employees, industry, and key sector leaders.  

Chairman Sia said the company “already built the foundation that enabled PayMongo to transform from a major player in the FinTech industry in the last five years to become the key driver of Philippine digital economic growth in the next five.’