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FINANCIAL TECHNOLOGY | Staff Reporter, Philippines

Philippines' PayMongo, Vesta partner for stronger fraud protection

It will entail assessment and real-time reporting for PayMongo's customers.

Manila-based online payment processing platform PayMongo is partnering with fraud protection firm Vesta to further enhance its advanced fraud detection capabilities.

The partnership renders a suite of solutions, adding fraud assessment, protecting customers’ accounts and real-time reporting for PayMongo’s over 5,000 merchant clients.

This is on top of the existing value proposition that PayMongo offers merchants such as doing away with sign-up and monthly fees, an automated onboarding process and API integration for those with website or apps, as well as letting them accept digital payments such as credit and debit cards and e-wallets through its PayMongo Links product and e-commerce plug-ins.

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