Robinsons Bank, PayMongo ink SME partnership

MANILA, Philippines — Gokongwei-owned Robinsons Bank Corp. has partnered with payment processing platform PayMongo to support small and medium enterprises (SMEs) by providing simplified and innovative solutions for their digital payment needs.

The alliance aims to revolutionize the way SMEs engage in digital commerce by offering straightforward and efficient online transaction solutions.

Robinsons Bank president and CEO Elfren Antonio Sarte said the combined efforts of the bank and PayMongo reflect a shared commitment to innovation and the advancement of SMEs.

“Our partnership with PayMongo aligns with our commitment to support SMEs in their digital journey. Together, we will offer a robust suite of digital payment solutions, empowering businesses to thrive in the digital economy,” Sarte said.

The partnership aims to cultivate an inclusive, efficient, and secure digital payment landscape, enabling SMEs to compete effectively in today’s digital economy.

By combining Robinsons Bank’s financial expertise with PayMongo’s advanced technology, the tie-up seeks to bridge the existing gaps in digitizing businesses, providing comprehensive solutions tailored to the evolving demands of SMEs.

Jojo Malolos, CEO of PayMongo, said the company’s goal is to empower SMEs in their digital transition.

“Partnering with Robinsons Bank as an acquirer solidifies our dedication to providing seamless support for SMEs as they navigate the online landscape,” Malolos said.

This partnership will leverage PayMongo’s intuitive platform, enabling SMEs to seamlessly accept online payments in a secure environment.

Furthermore, Robinsons Bank’s extensive financial services and industry experience will augment the accessibility and reliability of digital payments for SMEs, fostering opportunities for growth and expansion.

The Gokongwei Group ownership in Robinsons Bank consists of a 59.99 percent stake in JG Summit Capital Services Corp. and a 39.99 percent interest in Robinsons Retail Holdings Inc. (RRHI).

The bank aims to complete its merger with Ayala-led Bank of the Philippine Islands (BPI) early next year through a share swap agreement.