Strategic Alliance: Palawan Pawnshop - Palawan Express Pera Padala Joins Forces with Philippine Veterans Bank for Enhanced Cash Withdrawal Services

Palawan Group of Companies, the Philippines' leading provider of money remittance and pawning services, proudly announces a strategic alliance with the esteemed Philippine Veterans Bank (PVB). Renowned for its unwavering dedication to serving veterans, their families, and the Armed Forces of the Philippines community, PVB brings a rich legacy of financial excellence to this collaboration.

This groundbreaking partnership opens up new avenues for PVB depositors, loyal clients of the Palawan Group of Companies (known as sukis), and other BancNet ATM cardholders. They will now benefit from an expanded range of services, including convenient cash withdrawals using BancNet ATM cards. Initially, this service will be available at over 300 company-owned Palawan Pawnshop - Palawan Express Pera Padala branches, ensuring swift access to funds for a diverse array of financial transactions.


PVB depositors can leverage this collaboration by utilizing the extensive network of Palawan branches strategically located near residential areas. The flexibility to visit Palawan branches during holidays and weekends enhances accessibility, providing added convenience for their financial needs. This partnership enables ATM cardholders to perform cash withdrawals using Point-of-Sale (POS) terminals, commonly employed for payroll and regular cash withdrawals, as well as pension and 4Ps payouts. Both companies are committed to expanding the number of branches with POS terminals in the future.

Beyond the logistical benefits, the collaboration between the Palawan Group of Companies and PVB is grounded in a shared commitment to core values such as service, honor, and family. The Palawan Group of Companies has a longstanding mission to facilitate financial transactions that bridge families and friends, catering to their daily needs, funding education, assisting with medical requirements, and supporting dreams such as home ownership and business ventures. PVB, with its enduring dedication to veterans, their families, and the entire Armed Forces of the Philippines community, has forged a legacy of financial excellence.

The official contract signing ceremony, a momentous occasion, took place at the head office of the Philippine Veterans Bank. Key executives from both organizations were present to commemorate the occasion. Representing the Palawan Group of Companies were Lisa Lou Castro-Sabado, Cash Management Solutions Director, Rona Juan, Key Accounts Manager, and Missy Baldemor, B2B Department Head. Attendees from the Philippine Veterans Bank included Renato Claravall, President and Acting CEO, Geraldine Romano, VP & Head of Branch Banking Group Sales Center, Charina Balanquit, FVP and Chief Digital Marketing Officer, and Julius Marquez, AVP and South Luzon Area Head.

Lisa Lou Castro-Sabado, Cash Management Solutions Director, expressed the significance of the partnership, stating, "Our partnership with the Philippine Veterans Bank is rooted in shared values of service, honor, and family. Together, we're committed to enhancing customer service, ensuring convenient access to funds, and ultimately, making a positive impact on the lives we touch. This collaboration embodies our dedication to supporting dreams, ambitions, and livelihoods."

Renato Claravall highlighted the importance of the collaboration for PVB, stating, "This service, in partnership with Palawan Pawnshop, will allow Veterans Bank to expand its network and customer touchpoints through the use of technology-based innovations. It will also enable the Bank to serve our clients in areas where we do not have branches, especially our veterans and their families."

This partnership aligns seamlessly with Palawan Express Pera Padala's commitment to enhancing accessibility and convenience for its valued sukis. The introduction of Cash Withdrawal services in these branches marks a significant stride towards improving financial inclusivity and enhancing the overall customer experience for Palawan sukis and depositors of the Philippine Veterans Bank. As both entities continue to evolve, this collaboration promises to be a beacon of financial empowerment and inclusivity for the communities they serve.

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