Robinsons Bank Corp., owned by Gokongwei, has recently teamed up with PayMongo, a payment processing platform, to assist micro-, small and medium-sized businesses (MSMEs) in their digital payment requirements through creative and straightforward solutions.
By providing simple and effective online transaction solutions, the alliance is hoping to completely transform the way micro-, small and medium-sized businesses participate in digital commerce in the country.
Facade shot of Robinsons Bank building
According to Elfren Antonio Sarte, president and CEO of Robinsons Bank, the bank’s combined efforts with PayMongo demonstrate a common commitment towards innovation and the growth of MSMEs.
“Our dedication to assisting MSMEs in their digital transformation is consistent with our relationship with PayMongo. In concert, we will provide a comprehensive range of digital payment options that will enable companies to prosper in the digital economy,” Sarte explained.
To help MSMEs compete successfully in the modern digital economy, the alliance is also seeking to create a digital payment environment that is secure, efficient, and inclusive.
The partnership aims to close the current gaps in business digitization by fusing PayMongo’s cutting-edge technology with Robinsons Bank’s financial knowledge to provide comprehensive solutions that are suited to the changing needs of MSMEs.
For his part, PayMongo’s CEO, Jojo Malolos, stated that the company wants to assist MSMEs with their digital transformation.
“Our commitment to offering MSMEs seamless support as they navigate the online landscape is solidified by our partnership with Robinsons Bank as an acquirer,” Malolos said.
Through this cooperation, MSMEs will now be able to easily take online payments in a secure setting by utilizing PayMongo’s user-friendly platform.
Additionally, the breadth of Robinsons Bank’s industry knowledge and financial services is also expected to further improve the dependability and accessibility of digital payments for MSMEs — creating growth and expansion prospects.
Robinsons Bank is owned by the Gokongwei Group, which also has a 39.99 per cent interest in Robinsons Retail Holdings Inc. (RRHI) and a 59.99 per cent share in JG Summit Capital Services Corp.
Through a share swap deal, the bank hopes to close its merger with the Ayala-led Bank of the Philippine Islands (BPI), which was forged as early as 2019.