Palawan Group of Companies, the leading pawnshop and remittance service provider in the Philippines, has achieved outstanding recognition at the prestigious Asian Banking and Finance (ABF) Fintech and Retail Banking Awards.
Executives of Palawan Group of Companies led by Third Librea (third from left), President and CEO of Palawan Financial Services Corp., and Bernard Kaibigan (2nd from left), the Head of Enterprise Marketing, together with Laarni Reyes, Managing Partner of Browne Communications and Amby Molina, Business Development Director, also of Browne Communications.
During the event, the company earned three distinguished awards: the Financial Inclusion Award and the New Fintech Product Award for PalawanPay at the ABF Fintech Awards, and the Finance Company Inclusion of the Year at the ABF Retail Banking Awards.
These accolades only highlight Palawan Group’s commitment to financial inclusion and innovation.
The ABF Retail Banking & Fintech Awards are the premier recognition program for Asia’s banking and finance industry, celebrating top performers for their innovative solutions, breakthroughs, and exceptional customer service.
Palawan Group also wins at ABF Retail Banking Awards
Bernard Kaibigan (left), the Head of Enterprise Marketing of Palawan Financial Services Corporation, while delivering his acceptance speech at the ABF Retail Banking Awards held in Singapore.
The awards ceremony, held last July 4 at the Marina Bay Sands Expo & Convention Centre in Singapore, gathered over 100 banks, finance, and fintech companies, along with 400 senior executives from across Asia. Third Librea, Palawan Financial Services Corporation’s President and CEO, together with Bernard Kaibigan, Head of Enterprise Marketing of Palawan Financial Services Corporation, and representatives from their PR agency, Browne Communications, received the awards.
A key factor in Palawan Group’s success is its unwavering dedication to financial inclusion in the Philippines. This commitment has been recognized with the Financial Inclusion Award and the Finance Company Inclusion of the Year Award.
The company’s extensive network, including over 10,000 Palawan Pera Express Padala outlets, ensures secure and affordable remittance services across the country.
PalawanPay, the fastest-growing e-wallet app in the Philippines, has brought over 19 million customers into the digital financial ecosystem, providing seamless fund transfers, bill payments, and more.
PalawanPay’s recognition as the New Fintech Product of the Year underscores its impact. The app offers a range of services, including international remittances, online pawn renewal, and microinsurance, all accessible 24/7.
In February this year, PalawanPay also achieved a major milestone when it reached a record of 15 million users in less than 2 years since its launch — thus cementing its status as one of the fastest-growing e-wallet apps in the Philippines.
PalawanPay exemplifies Palawan Group’s innovation and pride in Filipino capabilities, showcasing the company’s commitment to empowering users with convenient, reliable financial solutions.
“These awards are a testament to our mission to enhance Filipinos’ lives through accessible and innovative financial services,” said Third Librea, President and CEO of Palawan Financial Services Corporation.
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 25,000 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.