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
Filipino payment gateway SaaS for Shopify, e-commerce, and SaaS businesses
PayMongo is a Manila-headquartered payment gateway and merchant SaaS that lets Filipino online businesses accept GCash, Maya, GrabPay, credit cards, online banking, and OTC payments through one API and dashboard. Used by 25,000+ Philippine SMEs and Shopify merchants as the local alternative to Stripe (which has limited PH coverage).
PayMongo is the default Filipino payment gateway for online businesses. Pricing is transaction-based, typically 2.5 to 3.5 percent plus PHP 15 per credit card transaction and 1.5 to 2.5 percent for GCash/Maya. For a Manila Shopify seller, PayMongo unlocks the 60-70 percent of Filipino consumers who pay with GCash, Maya, or OTC instead of credit cards. Stripe in the Philippines covers cards but misses the dominant local rails entirely. Xendit is the cross-border SEA alternative; PayMongo is the right pick for Philippines-domestic operations.
- ✓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
Payments infrastructure built for Indonesia, the Philippines, and the rest of SEA
Xendit is a Jakarta-headquartered payments platform offering 100+ local payment methods across Indonesia, the Philippines, Malaysia, Thailand, Vietnam, and Singapore. It covers cards, e-wallets (OVO, GoPay, GCash, Maya, ShopeePay), virtual accounts, retail outlets, QRIS, QR PH, and PayLater. Pricing is transaction-based with no monthly minimums.
Xendit is one of the few payment gateways that handles Indonesian QRIS, Philippine QR PH, and ASEAN e-wallets natively without forcing teams to integrate three separate providers. Founders who start in Indonesia and want to expand into the Philippines tend to default to Xendit for that reason.
- ✓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). Xendit covers those plus QR Ph, 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: about 3.5% + ₱15 per card transaction, 3% flat for e-wallets (GCash/Maya), plus a cross-border surcharge on foreign cards; settlement is typically T+1. Xendit does not publish standard Philippine pricing — it uses custom, quote-based rates negotiated per business, and settlement usually runs T+1 to T+2/T+3. So PayMongo is easier to price up front, while Xendit's cost depends on your negotiated rate and volume. 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 volume and negotiation. PayMongo publishes standard rates (around 3.5% + ₱15 per card and 3% for e-wallets), so it is easy to estimate up front. Xendit uses custom, quote-based pricing negotiated per business, which can be competitive at higher volumes but is not published. For a small domestic store, PayMongo's transparent 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. Xendit additionally covers QR Ph and 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.