Manila, Philippines – Current chairman and co-founder of recently-launched GoTyme Bank Jojo Malolos has joined Philippine payment gateway company PayMongo as its new president and chief executive officer. He replaces interim CEO Isabel Ridad, as the latter announced stepping down from the company to pursue new ventures.

In his new role, Malolos will be responsible for re-shaping PayMongo’s plans for the company’s next phase of growth. He will be also leading the efforts to ensure the company’s success by implementing a broad range of transformation initiatives.

Moreover, he will also lead the introduction of PayMongo’s next generation of products and services with a view to better serve its existing client base and drive the advancement of the internet economy in the Philippines and more broadly, Southeast Asia. 

With PayMongo’s newly-issued EMI licence, Malolos will continue to direct the organisation to driving significant impact in the digital financial services sector.

Aside from being its chairman, he also served as GoTyme Bank’s president and chief executive officer previously. In the past, Malolos was also the chief executive officer of JG Digital Equity Ventures, the digital ventures arm of national conglomerate JG Summit. Aside from this, senior roles at Smart Communications and Cignifi also go under his belt.

“The Board has confidence in Jojo’s experience and his ability to effect and manage change as he brings significant experience in M&A, organisational transformation and a track record in the fintech, venture capital, digital banking and innovation ecosystems.” the company has said in a press statement.