Starting Feb. 1, Jojo Malolos will be PayMongo’s new president and CEO.
As CEO, Malolos will be leading the efforts to ensure success by implementing a broad range of transformation initiatives.
In a statement, PayMongo said the Board of Directors has confidence in Malolos’ experience and his ability to effect and manage change as he brings significant experience in mergers and acquisitions, organizational transformation, and a track record in the fintech, venture capital, digital banking, and innovation ecosystems.
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Malolos previously served as president and CEO of DAVI and JG DEV, the data analytics and venture arm of the Gokongwei Group, respectively. He is co-founder and chair of GoTyme Bank, one of the country’s digital banks licensed by the Bangko Sentral ng Pilipinas and was previously the former CEO of Wing Bank, a leading digital financial services provider in Cambodia and of Smart Money, now known as PayMaya/Maya. His global fintech experience includes stints with Mastercard Financial Services in Latin America and Cignifi Boston, which brought alternative credit scoring innovation to African emerging markets.
Malolos will also lead the introduction of PayMongo’s next generation of products and services with a view to better serve its existing client base and drive the advancement of the internet economy in the Philippines and more broadly, Southeast Asia. In addition to this, with the company’s newly issued EMI license, Malolos will continue to focus the organization on driving significant impact in the digital financial services sector.
As part of this appointment, Isabel Ridad will be stepping down as Interim CEO but will continue to serve on the PayMongo Board of Directors thereafter.