PayMongo has evolved from a payment gateway company into a digital financial services solutions provider to drive the digital economic growth according to PayMongo CEO Jojo Malolos during the company’s fifth anniversary celebration recently.

“Our refocused vision and the execution of a no-nonsense strategy have propelled PayMongo to contribute to the financial ecosystem. We’ve introduced innovative digital financial solutions that cater to the diverse needs of businesses, both online and offline,” Malolos revealed.

Malolos emphasized PayMongo’s significant strides that contributed to financial performance of the company and advancement of the Philippine FinTech industry.

“Our strategic approach, aimed into transforming the “negosyantes” in the SME and MSMEs segments into digital Filipino entrepreneurs, has proven to be successful,” Malolos said in an interview during the PayMongo’s fifth anniversary celebration.  

PayMongo Chairperson and Co-Founder Luis Sia acknowledged the company’s strong foundation, built over the past five years, for its ability to weather all the challenges they faced through the years.

“We have already built the foundation that enabled PayMongo to transform from 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 years,” Sia said.

Show of Trust and Support

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.  

“We are setting new standards. We will continue to nurture relationships and we will fortify the core of PayMongo. We have a renewed passion and a higher sense of purpose to impact not only our company and the Philippine FinTech industry but the entire Philippine digital economy as well by empowering MSMEs and SMEs,” Malolos added.

To show their trust and support to the transformation of PayMongo, the 5^th anniversary celebration was attended by Banko Sentral ng Pilipinas Deputy Governor Mamerto Tangonan, CEOs and executives of major banking partners, financial services institutions, key merchants, and members of Paymongo’s Board of Directors.

Both Malolos and Sia also expressed their heartfelt gratitude towards the “Beanies,” acknowledging that their unwavering support gives the company the strength and confidence to stay on the right track.

“It’s been an incredible five years. In our early days, we were only empowering businesses through digital payments solutions. Today, we are addressing the digital financial services needs of the MSMEs and SMEs. Thank you for being with us on this journey. Here’s to the next five years,” Sia said.

Since 2019, PayMongo has been at the forefront of revolutionizing online payment solutions in the Philippines. As the country’s leading online payment gateway provider, the company has continuously pushed for inclusive digital entrepreneurship, empowering businesses of all sizes to thrive in the digital landscape. Today, PayMongo has undergone a remarkable transformation, branching out beyond payments to create a more inclusive and integrated financial ecosystem.