Mastercard partners with PayMongo to support SMEs’-going digital
PayMongo, a Manila-based fintech is set to be a Mastercard issuer and integrated into Mastercard’s global payment network. The partnership reinforces Mastercard’s commitment as a fintech accelerator. Mastercard has announced a five-year partnership agreement with PayMongo, a Manila-based fintech company founded in 2019, that allows businesses to quickly set up payment systems and accept multiple modes of payment such as cards, e-wallets and other alternative payment options. The strategic partnership with Mastercard will strengthen PayMongo’s business offerings by enabling the latter to be a Mastercard issuer to small and medium-sized enterprises (SMEs). It also reinforces Mastercard’s commitment as a fintech accelerator. “Mastercard believes in the potential of collaborating with fintechs to enable new payment flows for businesses and consumers. PayMongo has demonstrated its commitment and capability to help build the financial infrastructure that would allow enterprises of all siz
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