PayMongo at 6: Revolutionizing Fintech with a Powerful Financial OS and Express Onboarding

Celebrating six years of fintech innovation, PayMongo has unveiled its most powerful transformation yet, introducing an enhanced Financial OS alongside an upcoming. industry-first express onboarding. This soon-to-be-released feature will allow businesses to get started faster and seamlessly access PayMongo's full suite of financial tools.

 

At its sixth Anniversary Event at Uma Nota, Shangri-La BGC, PayMongo revealed its new brand identity and expanded financial platform, designed to streamline business payments, provide instant access to funding, and enable software platforms to embed financial tools seamlessly. A key highlight of this evolution is PayMongo Capital", a financing solution that gives businesses quick and flexible funding, reinforcing the company's commitment to financial inclusion and business scalability.

 

"We're not just changing our look, we're redefining how businesses access financial power," said Luis Sia, Chairman and Co-Founder of PayMongo. "With our upcoming express onboarding and new Financial OS, businesses will soon be able to start accepting digital payments faster than ever. PayMongo Capital further ensures they have the resources to scale seamlessly."

 

Six Years of Growth: From Payment Gateway to Financial OS

 

Since its launch, PayMongo has evolved beyond a payment processor into a comprehensive Financial OS, providing businesses with seamless, secure, and scalable financial solutions. Under the leadership of CEO Jojo Malolos, the company has achieved:

 

 

4.3x increase in Total Payment Volume (TPV)

 

 

3x revenue growth

 

 

3.6x increase in gross profits

 

 

Alongside this growth, PayMongo has strengthened its security and compliance infrastructure, earning SOC2 Type 2 certification and forming strategic partnerships with the Anti-Money Laundering Council (AMLC). The company remains fully compliant with Bangko Sentral ng Pilipinas (BSP) regulations, reinforcing its position as one of the country's most secure and trusted financial platforms.

 

"We're not just celebrating a milestone, this rebrand is a statement of our commitment to building a future-ready financial ecosystem," said Malolos. "Beyond payments, we now provide businesses with the capital to expand and enable software platforms to embed seamless financial tools. Our infrastructure powers both direct business growth and industry-wide innovation while maintaining the highest standards of security and compliance."

 

The Future of Financial OS: Fast, Scalable, and Secure

 

With its expanded capabilities, PayMongo redefines how businesses operate in a digital-first economy. The soon-to-launch express onboarding will set a new benchmark for accessibility, allowing businesses to start accepting payments with unprecedented speed.

 

The new Financial OS also offers:

 

1. Instant settlement capabilities, ensuring businesses get paid without delays

 

2. Embedded finance infrastructure, allowing B2B and SaaS platforms to integrate payments effortlessly

 

 

3. Comprehensive payment acceptance, supporting credit/debit cards, e-wallets, and direct online banking.

 

 

4. Advanced fraud prevention and compliance, strengthening business security and trust

 

 

5. PayMongo Capital provides businesses with seamless access to growth funding.

From small businesses to large enterprises, companies rely on PayMongo's Financial OS to streamline their operations. Bebang's Halo-Halo simplifies payment and cash flow, while Lazada uses PayMongo's QRPh technology and BNPL partnerships to offer consumers more flexible payment options. Strategic collaborations with Mochi Solutions and Mosaic Solutions further showcase PayMongo's embedded finance tools, improving financial transactions across multiple platforms.

 

"By providing both direct financial tools and enabling other platforms to build on our infrastructure, we're creating multiple pathways for businesses to grow," added Malolos. "Whether they access capital through PayMongo or leverage our payment capabilities in their own platforms, businesses will soon have more powerful ways to scale."

 

PayMongo teams up with Tookitaki to combat financial crime

PayMongo, a premier payment gateway in the Philippines, has teamed up with Tookitaki to combat financial crime. It has gone live with the Tookitaki’s Anti-Money Laundering Suite (AMLS) to monitor transactions. The move strengthens PayMongo's commitment to reducing risk and enhancing its anti-money laundering program, aligning with compliance norms set out by the Bangko Sentral ng Pilipinas.

 

Tookitaki's AMLS helps PayMongo to swiftly identify and manage suspicious transactions, ensuring that the platform remains compliant with changing regulatory requirements. This collaboration underscores PayMongo's proactive approach to adhering to anti-money laundering policies while facilitating a seamless online payment experience for its customers.

Tookitaki’s innovative approach starts with the AFC ecosystem which is a community of AML experts that come together from around the world to share their knowledge and experience. The community helps to uncover hidden money trails that traditional methods cannot detect and is dedicated to making the world a safer and more secure place. Powered by federated machine learning, the AMLS collaborates with the AFC Ecosystem to ensure that financial institutions always have access to the latest money laundering scenarios and stay one step ahead of financial criminals. 

 

Mr. Abhishek Chatterjee, Founder and Chief Executive Officer of Tookitaki, said, "We are excited to partner with PayMongo in their journey towards strengthening their AML compliance strategy. With the integration of our AMLS, PayMongo can create a robust and secure environment for their customers while maintaining alignment with local regulations."

 

Mr. Jojo Malolos, Chief Executive Officer of PayMongo, stated, "As a payments provider, we place paramount importance on risk management and compliance. Our collaboration with Tookitaki, a pioneer in AML solutions, empowers us to meet and surpass the anti-money laundering norms set by the local regulator, thereby ensuring the safety and trust of our customers."

 

Tookitaki's AMLS is meticulously designed to offer financial institutions a comprehensive solution for AML compliance. By harnessing the power of technology and unique community-based methodologies, Tookitaki delivers efficient and effective AML processes. With the implementation of Tookitaki's AMLS, PayMongo fortifies its commitment to secure and compliant financial transactions.