The country’s leading money remittance and pawning services company, Palawan Group of Companies, has expanded its collaboration with Metropolitan Bank & Trust Co. (Metrobank) to allow the Bank’s biller partners to conveniently and efficiently access payments remitted to their Metrobank account through Palawan’s extensive branch network.
Present during the signing of the agreement held in Grand Hyatt, Manila were Palawan Group of Companies’ Chief Development Officer, Lisa Lou Castro-Sabado; Head of B2B, Missy Baldemor; and Key Account Manager, Rona Juan. Also present were Metrobank officials, including Head of International Offices and Subsidiaries Group, Anton Yap; Head of Institutional Transaction Banking Group, Chippi Orlino; Head of Remittance Marketing Division, Ryan Imperial; Head of International Offices & Subsidiaries Support Division, Gino Artillaga; and Head of Domestic Business Department, International Offices and Subsidiaries Group, Itel Gahol.
The two companies have a shared objective of helping Filipinos reach their goals. The Palawan Group of Companies’ mission has always been to serve and bridge families and friends through financial transactions. Meanwhile, as the country’s second largest private universal bank, Metrobank aims to empower individual and business clients through its financial products and services to reach their goals. With this collaboration, Metrobank would be able to expand its services with its merchant billers, and in turn, The Palawan Group of Companies will be able to extend their service to more Filipinos.
“Over the past four decades, we have remained matatag, maasahan, and mapagkakatiwalaan (steadfast, reliable, and trustworthy) to our valued customers and sukis. Rest assured that we will extend the same values to the customers of Metrobank. We thank our partners from Metrobank for trusting the Palawan Group of Companies to be a gateway for Collect Anywhere,” said Palawan Group of Companies’ Lisa Lou Castro-Sabado during the signing ceremony.
“The Palawan Group of Companies have always been a strong ally in the business, consistently helping us serve our clients with excellence and reliability when it comes to sending and receiving funds from their loved ones. This expanded collaboration with the Group helps us to better cater to our clients because our billers will now be able to conveniently and efficiently access payments remitted to their Metrobank accounts through Palawan’s extensive branch network. The partnership solidifies our brand promise of keeping our clients in good hands,” said Metrobank’s Anton Yap.
The expanded agreement between the Palawan Group of Companies and Metrobank will help the bank serve its clients in areas where it does not have branches. It is consistent with the Palawan Group’s commitment and mission to improving accessibility and convenience for its valued sukis and Filipinos nationwide, connecting people, businesses and organizations through a secure, accessible, and convenient financial platform. With this, they will be able to reach and serve more “sukis” through the vast network and “mura, mabilis, at walang kuskos balungos na serbisyo” (affordable, fast, and hassle-free) service of Palawan.
Palawan Group of Companies is dedicated to providing win-win solutions. The company always strives to create synergy with reliable institutions to make financial transactions more seamless for their customers and business partners. They remain focused on enhancing accessibility, convenience, and promoting financial inclusion across the country.
ABOUT PALAWAN GROUP OF COMPANIES:
The Palawan Group of Companies is composed of products and services such as Palawan Pawnshop, Palawan Express Pera Padala, Palawan ProtekTODO, Palawan Credit, and PalawanPay. A brand trusted by Filipinos for 38 years, 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 60,000 branches, Pera Padala outlets, and PalawanPay Money Shops nationwide.
Palawan Group of Companies offers pawnbroking services, domestic and international remittances, microinsurance, bills payment, electronic mobile phone loading, cash-in of e-wallets, money exchange, ATM withdrawal, and cash disbursements.
Palawan Group of Companies introduced PalawanPay, an e-wallet app that lets you send and receive remittances anytime, anywhere. PalawanPay app is the company’s latest digital solution for faster, safer, and easier transactions and gives users access to other financial services such as bills payment, e-cellphone load top-ups, and scan-to-pay QRPH codes. The app now features integrated functionality for pawn renewal and claiming of international remittances.
Palawan Pawnshop, Palawan Express Pera Padala, and PalawanPay are supervised by the Bangko Sentral ng Pilipinas. For more information, go to Palawan Pawnshop and PalawanPay Websites.
About Metrobank
Metrobank is the country’s second largest private universal bank that empowers both retail and business clients with customized financial products and services fit to help reach their goals and full potential. It has an extensive consolidated network that spans over 950 domestic branches nationwide, more than 2,300 ATMs, and above 30 foreign branches, subsidiaries, and representative offices. The Bank believes that its robust capital position and balance sheet strength will provide ample support as it navigates through uncertain times. Capital ratios are among the highest in the industry, with total CAR at 16.7% and Common Equity Tier 1 (CET1) ratio at 15.9%. Consolidated assets stood at PHP3.3 trillion at the end of June 2024, making it one of the strongest and well-capitalized banks in the country (https://metrobank.com.ph).
