Leading digital financial services firm, PayMongo, recently sealed ties with YelloX, a platform for end-to-end supply chain management, in a bid to streamline payment processing and fund management for supply chain firms.

According to PayMongo Founder and Chairperson Luis Sia, the strategic importance of the collaboration in utilizing the fintech company's expansion from payments to financial services.

"We are thrilled to embark on this transformative journey with YelloX. Together, we aim to revolutionize the financial landscape of supply chain businesses, driving efficiency and growth in this dynamic sector," Sia said.

The integration of PayMongo’s robust financial infrastructure into the YelloX platform marks a significant leap forward in facilitating seamless financial transactions within the supply chain ecosystem.

“By leveraging digital wallets and advanced payment solutions, YelloX users can now experience enhanced financial management capabilities, propelling operational efficiency to new heights,” Sia added.

PayMongo CEO Jojo Malolos said that the integration of PayMongo’s robust financial infrastructure into the YelloX platform marks a significant leap forward in facilitating seamless financial transactions within the supply chain ecosystem.

“This partnership represents a commitment to augmenting the  ability of YelloX to empower its SME customers with the tools they need to thrive in today’s competitive market,” Malolos said. 

Malolos revealed that YelloX users can now experience enhanced financial management capabilities by leveraging digital wallets and advanced payment solutions, propelling operational efficiency to new heights.

“By simplifying payment processes and offering integrated financial solutions to YelloX, we are paving the way for accelerated growth and success in the supply chain industry as these cater to the needs of SMEs in successfully growing their businesses," Malolos added

Sia said that as supply chain organizations embrace the enhanced financial operations facilitated by this collaboration, they can expect improved cash flow management, better control over finances, and increased operational focus.

“The synergistic blend of PayMongo’s payment processing expertise and YelloX’s innovative supply chain solutions promises to redefine financial management practices and drive business expansion,” Sia said.

During its 5th anniversary celebration last March, PayMongo announced its transformation from a payment solutions provider into a digital financial services company.