During its fifth-anniversary celebration, PayMongo, initially recognized as a payment gateway, revealed its transformation into a digital financial services solutions provider.
Jojo Malolos, CEO of Paymongo, announced the company’s strategic pivot toward fostering digital economic growth through innovative financial solutions catering to diverse business needs.
“Our refocused vision and the execution of a no-nonsense strategy have propelled PayMongo to contribute to the financial ecosystem,” Malolos said. “We have introduced innovative digital financial solutions that cater to the diverse needs of businesses, both online and offline.”
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The confidence in PayMongo’s new direction was evident during the anniversary celebration, attended by key stakeholders, including Bangko Sentral ng Pilipinas Deputy Governor Mamerto Tangonan, banking executives, financial institutions, and board members.
“We have 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,” said Luis Sia, chair and co-founder, PayMongo.
Malolos credited the company’s accomplishments in 2023 and its renewed focus on restoring stakeholder confidence, expressing gratitude to employees, partners, and supporters, affectionately referred to as “Beanies.”
Since 2019, PayMongo has been at the forefront of revolutionizing online payment solutions in the Philippines. As an online payment gateway provider, the company has continuously advocated for inclusive digital entrepreneurship. Now, its transformation into a comprehensive digital financial services provider marks a significant milestone in shaping the future of the Philippine digital economy.