PayMongo and Mochi have announced a partnership aimed at streamlining financial operations for businesses in the Philippines, coinciding with projections that the country’s digital payments market will surpass US$100 billion this year, reaching an estimated US$107.42 billion.
This collaboration builds upon Mochi’s existing platform, which launched in January 2024 to simplify invoicing for Filipino SMEs. As previously reported, Mochi automates tasks such as issuing one-time and recurring invoices, generating payment links, sending automated reminders, and providing detailed report dashboards. This platform addresses the critical need for improved financial record-keeping among SMEs, which constitute over 99% of businesses in the Philippines.
The new partnership integrates Mochi’s billing and collections automation with PayMongo’s payment platform, seeking to reduce manual processes and enhance transaction security. This move comes as the Philippines leads global digital financial services adoption, with 91.3% of internet users engaging with banking, investment, or insurance platforms monthly, according to the Digital 2025: Global Overview Report.
“Our collaboration with Mochi underscores our commitment to supporting the growth of MSMEs and fintech in the Philippines,” said Jojo Malolos, CEO of PayMongo. “With Mochi’s advanced billing and collections automation integrated into PayMongo’s payments platform, we are empowering Filipino businesses to navigate the digital economy with confidence.”
Guaya Melgar, CEO of Mochi, stated, “We are thrilled to partner with PayMongo in revolutionizing how businesses handle payments and collections. This collaboration will provide companies with the tools they need to manage finances effortlessly and focus on growing their business.”
The partnership seeks to address the increasing need for efficient and secure payment solutions as the Philippines’ digital economy expands.