PayMongo Eyes Fourfold Revenue Jump by 2026

MANILA, Philippines — PayMongo is targeting revenue equivalent to four times last year’s level in 2026 as it expands beyond payment processing fees into subscription services and other offerings, with its monthly merchant base approaching 11,000. In an interview with The STAR, PayMongo chief product and technology officer Jose Dalino Jr. said the financial technology company is on track to meet its revenue goal while maintaining profitability. “Our target is to grow four times higher than last year. We’re on track in terms of revenues,” Dalino said. “We are confident in hitting our targets for this year.” The company’s expansion plans involve generating more income from additional services for merchants and serving larger businesses, including digital marketplaces and other financial technology companies. PayMongo provides systems that allow businesses to accept digital payments and move money. Dalino said its revenue sources have traditionally included fees charged for processing payments and transferring funds. The company is now broadening those sources by charging for additional features that businesses can use alongside its payment services. Among the planned offerings are monthly subscriptions for larger companies seeking additional functionality beyond basic payment processing. These would generate income alongside the fees PayMongo collects on transactions. The company is also expanding tools designed to help merchants sell products and collect payments. The broader product range comes as PayMongo’s monthly merchant base reached around 11,000 in September. Most of its merchants are in the Philippines. Dalino said growth reflected both the addition of merchants and improved retention, noting that service reliability problems had previously prompted some businesses to switch platforms. Beyond merchants selling directly to consumers, PayMongo is developing business relationships with larger digital marketplaces and regional payment providers seeking access to Philippine payment methods. These companies can use PayMongo’s payment infrastructure to offer services to their own customers, extending its business beyond processing transactions for individual stores. Dalino also cited virtual cards and card services for other companies among its expanding offerings. The push into subscriptions, merchant tools and services for other payment providers forms part of PayMongo’s strategy to diversify revenue while sustaining its growth, he said.