PayMongo vs Xendit 2026: Which Payment Gateway for the Philippines?
A neutral PayMongo vs Xendit comparison for Philippine businesses — card and e-wallet fees, GCash/Maya/QR Ph coverage, settlement speed, and which fits a domestic store versus an ASEAN-wide expansion.
For a Philippines-only business that wants transparent, published pricing and a fast start, PayMongo is the simpler fit; for a business that needs the widest payment-method coverage or plans to expand across Southeast Asia on one integration, Xendit is the stronger platform — at the cost of custom (quote-based) pricing.
PayMongo
Philippine payment provider: QR Ph, GCash, Maya, GrabPay, cards, and a Storefront store builder
PayMongo is a Philippine payments company, founded in May 2019 and headquartered in Bonifacio Global City, Taguig. It began as an online payment gateway for Filipino businesses and in April 2024 expanded into a broader digital financial services provider. Its products include Checkout, Payment Links, Invoices, Order & Pay and Storefront. Merchants can accept QR Ph, GCash, Maya, GrabPay, ShopeePay, Visa and Mastercard cards, BillEase buy now pay later, and direct online banking from BDO, UnionBank, BPI, Landbank and Metrobank. PayMongo reports 350,000+ businesses served and more than $18 billion processed since 2019. PayMongo Philippines, Inc. is regulated by the Bangko Sentral ng Pilipinas. Transaction rates are listed per method, setup is free, and all prices exclude VAT. Storefront, its branded store builder, has a $0/month Free plan and paid plans from $9/month.
PayMongo is headquartered in Bonifacio Global City, Taguig, and PayMongo Philippines, Inc. is regulated by the Bangko Sentral ng Pilipinas. It lists QR Ph, GCash, Maya, GrabPay, ShopeePay, BillEase and direct online banking from five named banks as payment methods. Its rate card quotes QR Ph at 1.34%, GCash at 2.23%, Maya at 1.79%, GrabPay at 1.96% and ShopeePay at 1.70%, with free setup and all prices exclusive of VAT. PayMongo reports 350,000+ businesses served, $18 billion+ processed since 2019 and 2.7 billion transactions handled.
- ✓Choose if: Your market is the Philippines and you want the domestic rails without complexity.
- ✓Choose if: You want transparent, published pricing you can calculate before signing up.
- ✓Choose if: You want to launch quickly with payment links, a hosted storefront, or a simple plugin.
Xendit
Payment acceptance, payouts and marketplace payments, with 147+ payment methods and 300+ payout destinations
Xendit is a payments platform that offers payment acceptance, payouts and tools for platforms and marketplaces. Its homepage lists 147+ payment methods and 300+ payout destinations. It also describes direct connections to payment methods and smart routing that keeps processing payments when a payment network goes down. Its pricing page lists QR code, e-wallet and buy-now-pay-later methods in Indonesia, the Philippines, Singapore and Thailand. For every transaction, Xendit charges a fixed processing fee plus a payment method fee or a payout fee. The homepage states $47.3B+ processed and 544M+ transactions in 2025, up 30% year over year.
The pricing page lists local payment methods in four Southeast Asian markets. In Indonesia these are QRIS and the buy-now-pay-later options Akulaku, Indodana and Kredivo. In the Philippines they are QRPH, Maya and BillEase, in Singapore PayNow, and in Thailand PromptPay and TrueMoney. Fees on that page are quoted in IDR, PHP, SGD and THB. The homepage states 300+ payout destinations and payouts in the recipient's local currency.
- ✓Choose if: You need the widest PH method coverage, including QR Ph, bank rails and virtual accounts.
- ✓Choose if: You plan to expand across Southeast Asia and want one gateway for several markets.
- ✓Choose if: You have the volume to negotiate custom rates and an engineering team to use a broader API.
Deep Dive Comparison
Both are Southeast Asian gateways, but their centre of gravity differs. PayMongo is Philippines-focused and domestic-first — excellent if the Philippines is your market, less relevant elsewhere in SEA. Xendit operates across the Philippines, Indonesia, Malaysia, Thailand and Vietnam, so it is the better base if you want one provider as you move into other ASEAN markets.
PayMongo covers the core Philippine rails: cards, GCash, Maya, GrabPay and over-the-counter options (7-Eleven, Cebuana, M Lhuillier). Both take QR Ph. Xendit covers those plus direct debit and bank rails (BPI, UnionBank) and virtual accounts, and mirrors that depth in other SEA markets — so it localizes more broadly across the region.
PayMongo publishes its rates: 3.125% + ₱13.39 per domestic card transaction, 4.02% + ₱13.39 on international cards, 2.23% on GCash, 1.79% on Maya and 1.34% on QR Ph, all excluding VAT, with no setup or monthly fee (read on PayMongo's pricing page, 17 September 2026). Xendit's Philippine rate card could not be read when this comparison was checked, so take Xendit's price from its own pricing page or a quote on your payment mix. Confirm live rates with each provider before committing.
PayMongo offers a clean API, no-code payment links and a hosted Storefront, plus plugins for common carts — enough for most Philippine stores. Xendit offers a broader API surface (payments, payouts, disbursements, recurring) and more method endpoints, which suits engineering teams building custom or multi-country flows.
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The questions operators actually ask.
Which is cheaper, PayMongo or Xendit?
It depends on your payment mix. PayMongo publishes standard rates — 3.125% + ₱13.39 per domestic card, 2.23% on GCash, 1.79% on Maya and 1.34% on QR Ph, excluding VAT — so it is easy to estimate up front. Xendit's Philippine rate card could not be read when this was checked in September 2026, so get its rate from Xendit directly. For a small domestic store, PayMongo's published pricing is usually the simpler call; at scale, get a Xendit quote and compare on your actual mix.
Do both support GCash and Maya?
Yes. Both PayMongo and Xendit support the main Philippine e-wallets — GCash and Maya — as well as cards and GrabPay. Both take QR Ph; Xendit additionally covers more bank/virtual-account rails, while PayMongo adds over-the-counter channels such as 7-Eleven, Cebuana and M Lhuillier.
Which should I pick if I plan to expand beyond the Philippines?
Xendit. It operates across the Philippines, Indonesia, Malaysia, Thailand and Vietnam, so a single integration can follow you as you expand into other Southeast Asian markets. PayMongo is Philippines-only, which is an advantage for focus but means a second provider if you go regional.
Is there a third option with published Philippine rates?
Yes, two are worth pricing against PayMongo. HitPay publishes GCash at 2.3% online and 2% in person, QR Ph at 1% or ₱20 (whichever is higher) and local cards at 3% + ₱15 online, with no setup or monthly fee, and takes online and in-person payments on one account. Maya Business publishes rates starting at 1.0% for Maya QR and QR Ph, 2% for GCash and 3.50% + ₱10 for online cards. Both rate cards were read on 17 September 2026. On QR Ph the cheaper one depends on ticket size: below about ₱1,490, PayMongo's 1.34% beats HitPay's ₱20 minimum, and above it HitPay's 1% is cheaper.