Palawan Group of Companies has partnered with Xpress Money Services Limited, a leading global money transfer company, to provide Overseas Filipino Workers (OFWs) in the United Arab Emirates (UAE) with a more accessible and reliable way to send money to their loved ones in the Philippines.
OFWs are vital to the Philippine economy, with their remittances serving as a lifeline for millions of Filipino families. According to the Bangko Sentral ng Pilipinas, personal remittances from OFWs increased by 3.5 percent to US$3.12 billion in November 2024 from the US$3.02 billion registered in November 2023. The UAE remains a key contributor to this growth, further underscoring the importance of this partnership.
By offering accessible and reliable financial services, Palawan Group recognizes and values the invaluable contributions of these modern-day heroes. Under the agreement, OFWs in the United Arab Emirates can send money via XPress Money to their families and loved ones in the Philippines. These remittances can be claimed via Palawan Pera Express Padala’s extensive nationwide network of over 6,000 locations and through its fastest-growing e-wallet mobile app, PalawanPay.
Present during the signing of the agreement were executives from Palawan Group of Companies: Lilian Castro-Selda, Executive Vice President and Chief Financial Officer; Bernard Kaibigan, Group Marketing Head; Rebecca Badayos, Head, International Remittances; alongside Samir Vijay Vidhate, Senior Executive Officer at Xpress Money Services Limited.
Lilian Castro-Selda, Chief Financial Officer of Palawan Group of Companies, and Samir Vijay Vidhate, Senior Executive Officer of Xpress Money Services Limited, signed a partnership agreement to offer reliable and convenient remittance services for OFWs in the UAE.
“Our partnership with Money Xpress will further expand our international remittance network in the Middle East, providing our “kababayans” with greater accessibility, flexibility, and peace of mind. They can rest assured that their hard-earned money will promptly reach their loved ones through our extensive network,” said Lilian Concepcion Selda, Executive Vice President and Chief Financial Officer at Palawan Group of Companies.
“We are very proud to partner with the Palawan Group of Companies, one of the Philippines’ trusted institutions. Today is a milestone for our company as we look forward to servicing OFWs in the UAE,” remarked Samir Vijay Vidhate, Senior Executive Officer at Xpress Money Services Limited.
This partnership reinforces Palawan Group’s commitment to providing Filipino OFWs with “mura, mabilis, at walang kuskos balungos na serbisyo” (affordable, fast, and hassle-free money) transfer services. Recognizing the vital role of remittances in supporting Filipino families and communities, this collaboration ensures that sending hard-earned money back home remains convenient and accessible for Filipinos worldwide.
For more information, go to Palawan Pawnshop and PalawanPay Websites.
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