Digido announces that it has signed a memorandum of agreement with PalawanPay, the digital wallet of Palawan Group of Companies.
The partnership sees the integration of the digital lending platform’s services inside the PalawanPay application, enabling its customers to take a Digido loan.
PalawanPay users can utilize their Digido loans for digital transactions and QR Ph-accepting merchants, as well as being able to conveniently repay their loans through their account.
Customized advertisements from Digido will be rolled out in the Palawan Group of Companies’ vast network of Palawan Pawnshop branches as a result of the agreement.
Digido offers fair loans up to PHP 6,000 for first-time borrowers, along with a standard Personal Loan up to PHP 25,000 for repeat clients.
PalawanPay has successfully solidified its position as one of the fastest-growing digital wallet apps in the Philippines, delighting over 20 million users.
Commenting on the partnership, Digido Finance Corp. president Aleksei Kosenko said: “This landmark partnership reflects the synergy of both companies’ products and our aligned goal in promoting financial inclusion through access to safe and trusted digital financial services. We are incredibly excited to embark on this endeavor with PalawanPay and are looking forward to serving more Filipinos with our credit services.”
PalawanPay president and CEO Third Librea added: “Anchored in PGC’s thrust to foster financial inclusion among Filipinos, we at PalawanPay are very keen to kick off this partnership with Digido. I can’t wait to see more of our kababayan enjoy reliable digital financial services.”
Services under the Digido platform are financed by Digido Finance Corp. with SEC Registration No. 202003056 and Certificate of Authority No. 1272.
Digido’s trusted services have been lauded by the Global Retail Banking Innovation Awards, International Finance Awards, World Business Outlook Awards, International Business
Magazine Awards, Pan Finance Awards, The Global Economics Awards, the Global Banking & Finance Review and the Global Financial Market Review.
About Digido
Digido believes every hard-working Filipino should have access to convenient and secure financial tools.
With a growing line of inclusive lending solutions through our mobile app and official website, we at Digido offer instant and transparent financing for the underbanked and underserved consumers of the country, helping them immediately participate in the formal digital ecosystem, strengthen their financial well-being and reach their personal goals faster and easier.
Services under the Digido platform are financed by Digido Finance Corp. with SEC Registration No. 202003056 and Certificate of Authority No. 1272.
Digido’s trusted services have been lauded by the Global Retail Banking Innovation Awards, International Finance Awards, World Business Outlook Awards, International Business Magazine Awards, Pan Finance Awards, The Global Economics Awards, the Global Banking & Finance Review and the Global Financial Market Review.
About The Palawan Group of Companies
The Palawan Group of Companies includes products and services such as Palawan Pawnshop, Palawan Express Pera Padala, Palawan ProtekTODO, Palawan Credit, and PalawanPay. A brand trusted by Filipinos for almost four decades, PGC is one of the fastest-growing financial institutions in the country. With its strength in remittance and pawning services, the company is the market leader in the industry and has over 70,000 branches, Pera Padala outlets, and PalawanPay Money Shops nationwide.
Palawan Group of Companies offers a wide range of services, including pawning, domestic and international remittances, microinsurance, bills payment, electronic mobile phone loading, cash-in and cash-out of e-wallets, money exchange, ATM withdrawal, and cash disbursements. Additionally, the company sells jewelry and gold bars, catering to customers looking to invest in valuable assets.
Palawan Group of Companies introduced PalawanPay, an e-wallet app that allows users to send and receive remittances anytime, anywhere. PalawanPay is the company’s latest digital solution, offering faster, safer, and more convenient transactions. In addition to remittances, the app provides access to other financial services, including bills payments, mobile load top-ups, and scan-to-pay QR Ph codes. The app also features integrated functionality for pawn renewal, purchasing jewelry and gold items, ProtekTODO personal insurance, and claiming international remittances. Palawan Group of Companies is supervised by the Bangko Sentral ng Pilipinas. For more information, go to Palawan Pawnshop and PalawanPay Websites.
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