Payments

Former GoTyme Bank CEO Appointed as New President and CEO of PayMongo

Paymongo announced the appointment of Jojo Malolos as the new President and CEO of PayMongo, effective February 1, 2023. As part of this appointment, Isabel Ridad will be stepping down as Interim CEO and will be leaving the company as she pursues her own venture.

Isabel was appointed in November 2022 as the interim CEO, when the company’s founder Francis Plaza was forced to resign amidst allegations of harrasment.

Jojo previously served as President and CEO of DAVI and JG DEV, the data analytics and venture arm of the Gokongwei Group, respectively. He is co-founder and Chairman of GoTyme Bank, one of the country’s digital banks licensed by the BSP and was previously the former CEO of Wing Bank, a leading digital financial services provider in Cambodia and of Smart Money, now known as PayMaya/Maya.

To ensure a smooth transition, Isabel will assist Jojo by remaining at the firm until the end of February and will continue to serve on the PayMongo Board of Directors thereafter.

As CEO, Jojo will be responsible for re-shaping PayMongo’s plans for the company’s next phase of growth.

Featured image credit: Edited from Unsplash