PayMongo first in PH to join Visa Rapid Seller Onboarding Program
Visa has announced online payment processor PayMongo will be its first partner in the Philippines to join the Visa Rapid Seller Onboarding program. This program simplifies the onboarding process and will enable small to medium enterprises (SMEs) to sign up with PayMongo and start accepting digital payments within three to five working days. Visa's Rapid Seller Onboarding program is designed to eliminate the pain points that both merchants and acquirers face during the traditional onboarding process. These include the lack of digital touchpoints, lengthy onboarding timelines, and limited feedback mechanisms that result in high costs for both merchants and acquirers. Dan Wolbert, Visa Country Manager for the Philippines & Guam, said: “At Visa, we understand how important it is for SMEs to accept digital payments, especially during the pandemic. As the country continues to face lockdowns and Filipinos are unable to shop in physical stores, we want to help small businesses to set up an o
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