MANILA, Philippines — EastWest announced a strategic partnership with PayMongo, one of the country’s leading online payment platforms, to give Filipino businesses easier, more seamless, and more affordable ways to accept digital payments.
Through this collaboration, EastWest clients can now integrate PayMongo’s online payment gateway at preferential MDR rates, giving them access to card, wallet, and digital payment acceptance at significantly competitive pricing.
“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.”
“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 — all while contributing to stronger digital financial infrastructure in the Philippines.”
This partnership comes at a time when the Philippine fintech ecosystem is accelerating rapidly, from the rise of embedded finance and tokenized assets to open-banking models and next-generation payment rails. By aligning payments, settlements, and banking services, EastWest is positioning itself as a strategic innovation partner for businesses navigating a digital economy.
PayMongo CEO Mr. Jojo Malolos and EastWest CEO Jerry Ngo join hands to broaden access to digital payments and help entrepreneurs run their businesses more smoothly.
More is on the horizon. As fintech trends such as blockchain-backed stablecoins, interoperable APIs, and BNPL reshape how companies move and manage money, EastWest and PayMongo aim to expand their collaboration, exploring ways to integrate these technologies into future solutions that support the growth of entrepreneurs. Together with PayMongo, the Bank is delivering more accessible digital payments and enabling entrepreneurs to operate more efficiently.
