QUADRUPLE A developer DMCI Homes has teamed up with fast-rising Filipino start-up PayMongo to provide its clients and residents with an easier and more convenient option to pay their monthly association dues. DMCI unit owners and tenants can now pay their dues and amortization fees using debit or credit card, and e-wallets.
PayMongo is hailed by those in the tech industry as a Filipino startup to watch for in 2020, given its thrust to help micro, small and medium enterprises (MSMEs) integrate their respective businesses in the growing digital economy.
Launched in June 2019, PayMongo has over 5,000 merchants on its platform. Its growing product line—payment links, APIs among others—provides its merchants with simple but secure ways to accept payments for their businesses.
“We’re looking forward to a fruitful partnership with PayMongo. With the rise of Gen-X and millennials as residents in our communities, we want to adapt and use technology that would make paying for condo dues much simpler,” DMCI Homes’ Operations Manager Frederick Rapiñan said.
“We believe that PayMongo’s easy-to-use platform will help improve our tenants’ payment experience, and will integrate well with the systems that we currently have,” Rapiñan added.
DMCI Homes is currently onboarding 11 of their condominium complex communities and their respective property management offices to introduce this new payment method. Unit owners and tenants will be sent payment links directly via SMS or chat, and they can choose their preferred payment method for their dues.
PayMongo’s Chief Growth Officer, Luis Sia, said that with the venture, PayMongo can provide “tenants and condominium owners with practical options for handling their monthly dues.”
PayMongo has no setup, monthly or hidden fees. It supports e-wallets like Visa, MasterCard, and GCash.
PayMongo last year raised $2.7 million in seed funding to give merchants in the Philippines and other Southeast Asian markets simple ways to set up online payments.