Palawan Group of Companies Teams Up with Xpress Money for Accessible and Efficient Remittances from UAE
Palawan Group of
Companies executives Bernard Kaibigan, Group Marketing Head; Rebecca Badayos,
Head, International Remittance; Lilian Castro-Selda, Chief Financial Officer,
Kassey Lynn Policarpio, Account Specialist, International Remittance, alongside
Samir Vijay Vidhate, Senior Executive Officer at Xpress Money Services Limited
at the contract signing.
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.
