Manila, Philippines – Digido, a financial platform based in the Philippines, has recently signed a memorandum of agreement with Palawan Group of Companies’ digital wallet PalawanPay to further enhance access to fair credit amongst consumers.
According to Digido, the collaboration will integrate its lending platform into the PalawanPay app, allowing users to apply for and access Digido loans.
This enables customers to use loans for QR PH-supported payments and digital transactions, with the added convenience of loan repayments directly through their PalawanPay accounts.
Part of the agreement includes the rollout of customised advertisements across Palawan Pawnshop’s extensive reach network under the Palawan Group of Companies.
The lending platform offers fair loans up to PHP 6,000 ($103) for first-time borrowers and a standard personal loan up to PHP 25,000 ($431) for repeat clients. It further provides accessible and transparent financing to underserved consumers, allowing them to participate in the digital financial ecosystem.
On the other hand, Palawan Group of Companies’ suite of financial services encompasses Palawan Pawnshop, Palawan Express Pera Padala, Palawan ProtekTODO, Palawan Credit, and its digital wallet, PalawanPay.
Aleksei Kosenko, president at Digido Finance Corp., said, “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 endeavour with PalawanPay and are looking forward to serving more Filipinos with our credit services.”
Meanwhile, Third Librea, president and chief executive officer at PalawanPay, also stated, “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.”
