Digido and PalawanPay have announced a partnership integrating Digido’s digital lending services into the PalawanPay digital wallet. This agreement allows PalawanPay users to apply for and manage Digido loans directly within the app.
The integration enables PalawanPay users to utilize Digido loan funds for digital transactions and at QR Ph-accepting merchants. Loan repayments can also be conveniently processed through the PalawanPay account.
As part of the agreement, Digido’s services will be promoted through Palawan Group of Companies’ network of Palawan Pawnshop branches, increasing customer awareness and access to the digital lending platform.
Digido offers loans up to PHP 6,000 for first-time borrowers and up to PHP 25,000 for repeat clients. PalawanPay reports over 20 million users.
Digido provides digital lending solutions aimed at increasing financial inclusion in the Philippines. Through its mobile app and website, Digido offers accessible financing options for underbanked and underserved consumers, facilitating their participation in the formal digital economy. Digido’s services are financed by Digido Finance Corp. (SEC Registration No. 202003056, Certificate of Authority No. 1272).
“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,” said Aleksei Kosenko, president of Digido Finance Corp.
Digido’s services have received recognition from numerous international organizations, including the Global Retail Banking Innovation Awards, International Finance Awards, World Business Outlook Awards, International Business Magazine Awards, Pan Finance Awards, The Global Economics Awards, the Global Banking & Finance Review, and the Global Financial Market Review.
The Palawan Group of Companies (PGC) is a prominent financial services provider in the Philippines, operating a network of over 70,000 branches, Pera Padala outlets, and PalawanPay Money Shops nationwide. With nearly four decades of experience, PGC offers a range of services, including pawning, domestic and international remittances, microinsurance, bills payment, mobile phone loading, e-wallet cash-in/cash-out, money exchange, ATM withdrawals, and cash disbursements.
PalawanPay president and CEO Third Librea added: “Anchored in PGC’s thrust to foster financial inclusion among Filipinos, we at PalawanPay are very keen to kick off this partnership with Digido. I can’t wait to see more of our kababayan enjoy reliable digital financial services.”
The Digido and PalawanPay apps are available for download on the Apple App Store and Google Play Store.