EastWest Bank Partners with PayMongo for Digital Online Payments

EastWest Banking Corp. has announced a partnership with PayMongo Philippines to provide business clients with more affordable access to online payment gateways.

The collaboration allows EastWest’s corporate and SME clients to integrate PayMongo’s payment platform at preferential merchant discount rates (MDR).

Through this agreement, businesses can accept payments via credit cards, e-wallets, and other digital channels at competitive pricing.

The initiative aims to support the growing operational needs of Filipino entrepreneurs by streamlining digital transactions and settlements.

Jerry Ngo, Chief Executive Officer of EastWest, stated that the partnership focuses on improving the digital commerce experience.

The collaboration comes as the Philippine fintech sector sees rapid acceleration, driven by the adoption of embedded finance and open banking models.

Jojo Malolos, CEO of PayMongo, noted that the deal contributes to a stronger financial infrastructure.

Looking ahead, the two entities plan to expand their cooperation to explore emerging technologies.

These innovations include blockchain-backed stablecoins and interoperable APIs, which aim to further enhance payment solutions.

The announcement coincides with EastWest’s report of a 6.25% year-on-year increase in attributable net income, which reached PHP 2.48 billion in the third quarter of 2025.

This brought the bank’s nine-month profit to PHP 6.62 billion, a 13.81% rise compared to the same period in 2024.

Featured image by via EastWest Bank.

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