EastWest Bank has teamed up with PayMongo, one of the Philippines’ leading online payment platforms, in a strategic partnership aimed at making digital payments faster, easier, and more affordable for Filipino businesses, especially SMEs.
The collaboration allows EastWest clients to integrate PayMongo’s payment gateway with preferential merchant discount rates (MDRs), giving them access to card, e-wallet, and digital payment acceptance at competitive pricing.
New alliance to enhance digital commerce, fintech solutions for SMEs
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
“This partnership is about giving businesses the Easier Way to bank and transact,” said Jerry Ngo, EastWest CEO. “By embedding PayMongo’s capabilities into our ecosystem, we’re enabling faster online payments, quicker settlements, and an overall digital commerce experience that supports growth.”
Jojo Malolos, PayMongo CEO, added: “Partnering with EastWest helps us broaden access to digital payment solutions for Filipino entrepreneurs. Together, we’re equipping businesses with tools that make transactions simpler, while contributing to stronger digital financial infrastructure in the Philippines.”
The partnership positions EastWest as a fintech innovation partner for entrepreneurs navigating the country’s rapidly evolving digital economy.
Partnership to empower Filipino businesses
From L-R: Ms. Ella Navallo, EastWest VP and Head of Products; Mr. Jojo Malolos, PayMongo CEO; and Mr. Jerry Ngo, EastWest CEO, formalize the partnership with a ceremonial signing in Taguig.
As trends such as embedded finance, tokenized assets, open banking, and next-generation payment rails reshape the financial landscape, the collaboration sets the stage for exploring future payment solutions — from blockchain-backed stablecoins to interoperable APIs and BNPL offerings.
Both parties say their joint goal is to ensure entrepreneurs can operate more efficiently, scale faster, and embrace digital payments without friction, helping Filipino businesses stay competitive both locally and internationally.
Looking ahead, both EastWest and PayMongo see the collaboration as a long-term commitment to strengthening the country’s digital financial ecosystem, enabling entrepreneurs to leverage emerging fintech trends and innovative payment solutions to grow sustainably in an increasingly connected global market.
