As digital commerce continues to accelerate in the Philippines, EastWest has announced a strategic partnership with PayMongo, one of the country’s leading online payment platforms, to make online payments easier, more seamless, and more affordable for Filipino businesses.
Through this collaboration, EastWest clients can now integrate PayMongo’s online payment gateway at preferential merchant discount rates (MDRs), allowing them to accept card, wallet, and other digital payments at significantly competitive pricing, without the usual complexity of setting up multiple payment solutions.
Supporting Businesses with Easier Digital Transactions
The EastWest–PayMongo partnership is designed to address a growing need among local entrepreneurs: simple, reliable, and cost-effective digital payment acceptance.
“This partnership is about giving businesses the Easier Way to bank and transact,” said Jerry Ngo, Chief Executive Officer of EastWest. “By including PayMongo’s capabilities into our ecosystem, we’re enabling easier online payments, faster settlement, and a smoother digital commerce experience, all at a cost that supports their growth.”
For businesses operating online, whether e-commerce stores, service providers, or growing SMEs, this integration removes friction in payment processing while improving cash flow through faster settlements.
Expanding Access to Digital Payment Solutions
PayMongo, known for its developer-friendly payment infrastructure, brings its robust payment acceptance capabilities to more EastWest clients nationwide.
“We’re pleased to partner with EastWest in broadening access to digital payment solutions for more Filipino entrepreneurs,” said Jojo Malolos, CEO of PayMongo. “By working together, we can offer tools that make digital transactions easier and support the operational needs of today’s entrepreneurs.”
This collaboration helps bridge banking and fintech, making it easier for businesses to adopt digital payments without sacrificing affordability or efficiency.
Strengthening the Philippine Fintech Ecosystem
The partnership comes at a time when the Philippine fintech landscape is rapidly evolving, driven by trends such as embedded finance, open banking, interoperable APIs, and next-generation payment rails.
By aligning banking services, payment acceptance, and settlement capabilities, EastWest positions itself as a strategic innovation partner for businesses navigating the digital economy, while PayMongo continues to expand its reach as a key player in online payments.
Looking ahead, both companies plan to explore deeper collaboration, including future solutions involving blockchain-backed stablecoins, buy-now-pay-later (BNPL) models, and advanced financial infrastructure to further support entrepreneurs and digital-first businesses.
Powering Business Growth Through Simpler Payments
Together, EastWest and PayMongo aim to deliver more accessible digital payment solutions that help businesses operate more efficiently, reduce transaction friction, and focus on growth.
As more Filipinos embrace online transactions, partnerships like this play a crucial role in strengthening the country’s digital financial ecosystem, making it easier for businesses of all sizes to thrive.
For more information about EastWest and its services, visit www.eastwestbanker.com.