BPI and Palawan Pawnshop expand remittance service to reach more Filipinos

Present during the ceremonial signing were (L-R): Catherine Caporas, Palawan Express Pera Padala Account Specialist for Banks; Missy Baldemor, Palawan Express Pera Padala B2B Department Head; Lisa Lou Castro-Sabado, Palawan Express Pera Padala Vice President for New Products and Services; John-C Syquia, BPI Head of Institutional Banking; Reggie Cariaso, BPI Head of Strategy, Products & Support - Institutional Banking; and Roderick Lucido, BPI Head of Domestic, Manning, and SWIFT.

The Bank of the Philippine Islands (BPI) has partnered with Palawan Pawnshop, one of the leading money remittance companies in the country, to be its new Remit-to-Account (RTA) partner. The partnership enables Filipinos to send money straight to a BPI account through Palawan Pawnshop’s over 3,000 branches nationwide with greater speed and convenience.

“We are very glad to share with Palawan Pawnshop the very important goal of financial inclusion. This new arrangement, along with our prior collaboration ventures, truly makes the lives of our fellow Filipinos better by facilitating the delivery of funds from Palawan’s network via BPI’s network. This can be done even after banking hours, on holidays, and on weekends. This partnership demonstrates BPI’s commitment to provide more convenient solutions to address the financial needs of the communities and businesses that we serve,” said John-C Syquia, BPI’s Head of Institutional Banking.

Palawan Express Pera Padala Vice President for New Products and Services Lisa Lou Castro-Sabado said that they are glad to collaborate with BPI for this program.

“By combining Palawan Pawnshop’s expansive reach and user-friendly platforms with BPI's customer-centric approach, we will be able to realize our shared vision of making financial transactions more accessible, efficient, and secure for every Filipino, regardless of their location or circumstances. We firmly believe that this partnership will empower more Filipinos to achieve their financial goals and strengthen their connections with their loved ones,” Castro-Sabado said.

BPI Remittance’s products and services are designed to enable Filipinos to exercise greater control of their hard-earned funds and help them achieve their financial goals. BPI continues to provide more ways for Filipinos to send money anytime and anywhere.