Palawan Group of Companies Dominates ABF Fintech and Retail Awards 2024

Palawan Group of Companies Honored at ABF Fintech and Retail Banking Awards 2024

Palawan Group of Companies, a pioneering Filipino company founded by Bobby and Angelita Castro, has made waves in the banking and finance industry with its recent triumph at the prestigious Asian Banking and Finance (ABF) Fintech and Retail Banking Awards. The company, known for its leading pawnshop and remittance services in the Philippines, was honored with three esteemed awards, highlighting its commitment to financial inclusion and innovation.

At the ABF Fintech Awards, Palawan Group of Companies received the Financial Inclusion Award and the New Fintech Product Award for its innovative PalawanPay platform. Additionally, the company was recognized with the Finance Company Inclusion of the Year award at the Retail Banking Awards, solidifying its position as a trailblazer in the industry.

The awards ceremony, held at the Marina Bay Sands Expo and Convention Centre in Singapore, brought together over 100 banks, finance, and fintech companies, as well as 400 C-Level executives and senior finance and banking officers from across Asia. Palawan Financial Services Corporation’s president and CEO, Third Librea, along with other key executives, received the accolades, showcasing the company’s dedication to excellence.

Palawan Group’s commitment to financial inclusion is evident through its extensive network of over 10,000 outlets across the country, providing secure and affordable domestic and international remittance services. The company’s PalawanPay app has also played a significant role in advancing financial inclusivity, attracting over 19 million customers within two years with its convenient and user-friendly features.

The New Fintech Product Award, presented to PalawanPay, recognizes the app’s seamless fund transfers, efficient bill payments, and integrated QRPH scan-to-pay feature, among other services. The app’s emphasis on accessibility and convenience has made it a standout in the industry, empowering users with 24/7 financial management capabilities.

In accepting the awards, Third Librea and Bernard Kaibigan expressed their gratitude for the recognition and reaffirmed Palawan Group’s commitment to enhancing the lives of Filipinos through accessible and reliable financial solutions. As the company continues to set new benchmarks in the industry, it remains dedicated to providing affordable, fast, and hassle-free services that benefit all stakeholders.

Palawan Group’s success at the ABF Fintech and Retail Banking Awards serves as a testament to its unwavering dedication to financial inclusion and innovation. With a focus on empowering Filipinos with efficient and convenient financial solutions, the company is poised to continue making a positive impact in the industry and beyond.