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September 29, 2023

Fintech exec waxes nostalgic on Pi Day

PayMongo Chief Technology Officer Jaime Hing III shared additional behind-the-scene recollection of how the Philippine fintech company came to be.

On Pi Day, March 14, the bankero shared the story of how the company started.

He wrote on his Facebook account, “Today is the same day that I met with Francis Plaza at Starbucks Parkwest BGC 3 years ago to discuss that we only have a few months left to run a software house.”

“It was the same day that we thought of building our own product because we cannot get any client and payments is also a pain point for us. We initially named it Equiac and presented to our team and other co-founders.Fast forward to present, it’s called PayMongo.”


Metrobank provides P15B loan facility to Globe Telecom

Metrobank has agreed to provide Globe Telecom Inc. with a P15-billion term loan facility to finance capital expenditures, debt refinancing, and general corporate requirements, as the telecom company allocates funds for data network expansion and the deployment of 5G technology.

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