DMCI Homes taps PayMongo for payment of monthly dues

MANILA, Philippines — DMCI Homes has partnered with Filipino start-up PayMongo to provide its clients and residents an easier option to pay their monthly association dues.

Under the agreement, unit owners and tenants can now pay their dues and amortization fees using debit or credit card, and e-wallets.

DMCI Homes’ operations manager Frederick Rapiñan said the use of technology could make payment procedures simpler.

“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 willl make paying for condo dues much simpler,” Rapiñan said.

As a tech startup, PayMongo helps micro, small and medium enterprises (MSMEs) integrate their respective businesses in the growing digital economy.

PayMongo has over 5,000 merchants on its platform since its launch in  June 2019.

“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 said.

PayMongo has no setup, monthly or hidden fees. It supports e-wallets like Visa, MasterCard and GCash.

With the partnership, DMCI Homes will put 11 of their condominium complex communities and their respective property management offices under the 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.

As a tech startup, PayMongo already raised $2.7 million in seed funding last year to give merchants in the Philippines and other Southeast Asian markets simple ways to set up online payments.