Philippine-based financial platform Digido announced Monday that it has signed a memorandum of agreement with PalawanPay, the digital wallet of Palawan Group of Companies (PGC), to strengthen access to fair credit.

Digido said in a statement that 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 ($103) for first-time borrowers, along with a standard personal loan up to PHP 25,000 ($431) 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.

“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,” Digido Finance Corp. president Aleksei Kosenko said.

PalawanPay president and Chief Executive Officer Third Librea added anchored in PGC’s thrust to foster financial inclusion among Filipinos, he at PalawanPay is very keen to kick off this partnership with Digido.

“I can’t wait to see more of our kababayan enjoy reliable digital financial services,” he added.

With a growing line of inclusive lending solutions through its mobile app and official website, Digido offers 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.

The PGC’s products and services include Palawan Pawnshop, Palawan Express Pera Padala, Palawan ProtekTODO, Palawan Credit, and PalawanPay.

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.

PGC 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.

The firm also introduced PalawanPay, an e-wallet app that allows users to send and receive remittances anytime, anywhere.

PalawanPay is the company’s 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.

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