EastWest, PayMongo target smoother digital transactions

EastWest Banking Corp. has entered into a strategic partnership with online payment platform PayMongo to provide Filipino businesses with easier, more seamless, and more affordable digital payment solutions.

Under the collaboration, EastWest clients can integrate PayMongo’s online payment gateway at preferential merchant discount rates (MDR), allowing them to accept card, e-wallet, and other digital payments at more competitive pricing.

EastWest president and chief executive officer Jerry Ngo said the partnership aims to simplify digital transactions for businesses while supporting their growth.

“This partnership is about giving businesses the Easier Way to bank and transact,” Ngo said. “By including PayMongo’s capabilities into our ecosystem, we’re enabling easier online payments, faster settlement, and a smoother digital commerce experience, all at a cost that supports their growth.”