Expanding Its Reach In Southeast Asia, VIDA Collaborates With PayMongo

VIDA Collaboration with PayMono (photo: VIDA)

JAKARTA - VIDA announced its latest collaboration with PayMongo, the Philippines' leading payment solution provider, in providing digital identity verification services and digital fraud prevention.

This collaboration also strengthens VIDA's commitment to become the leading solution provider in preventing digital identity fraud, not only in Indonesia, but also in Southeast Asia.

As for PayMongo, VIDA akam brings a new generation of security solutions that will strengthen PayMongo's ability to protect business actors and consumers from the growing digital threat.

"Our partnership with PayMono is not only improving the security of digital payments, but also empowering business actors and consumers to participate confidently in the digital economy," said Sati Rasuanto, Co-Founder, and President of VIDA.

For information, the Philippines is one of the countries with rapid growth in the digital economy landscape in Southeast Asia. However, this increase is also accompanied by increasingly complex threats, including AI-based fraud such as deepfakes.

In line with this, Jojo Malolos, CEO of PayMongo said that they have a vision to empower the Philippines business with smooth and secure financial operations.

"This partnership with VIDA strengthens every touchpoint on our entire platform, ensuring that every business, from startups to large companies, is protected from the growing cyber threat," Jojo explained.

By instilling sophisticated security from VIDA, Jojo added, PayMongo not only prevents fraud, but also builds a solid foundation for sustainable growth in the digital economy.