PayMongo co-founder Luis Sia reposted a feature article on his Facebook account announcing the latest milestone of the enterprise.
The Bankero wrote on his account, “A huge thank you to all our partners that made this Series B possible. With this, we hope to enable more businesses to participate in the digital economy within the Philippines and beyond.”
Before ending the post, he teased: “PayMongo is just getting started.”
Excited for it!
Rhoda “Chiqui” Huang, the president and CEO of Filinvest Development Corp. (FDC), has been appointed as director at East West Banking Corp. of the Gotianun family.
DBP has renewed its commitment to the government’s three-year food supply and logistics master plan, pledging financial support and collaboration to ensure reliable food supply and modernize the distribution system.
The Securities and Exchange Commission (SEC) has entered into an agreement with GCash to jointly combat online fraud, investment scams, and cybercrimes.
Tonik has extended its partnership with financial software provider Finastra to enhance its core banking functions and accelerate online services.
The Bangko Sentral ng Pilipinas (BSP) has disqualified Riyben Foreign Exchange for operating an unregistered money service business, part of BSP’s ongoing efforts to curb unauthorized MSBs, following similar actions taken against six other firms earlier this year.
Transactions through PESONet and InstaPay surged by 30.5 percent in value and 38.9 percent in volume, driven by increased digital banking adoption, according to Bangko Sentral ng Pilipinas data, aligning with the central bank’s aim to boost digital payments.
All rights reserved.
