The Palawan Group of Companies has partnered with Xpress Money Services Limited to provide OFWs in the UAE with a more convenient and reliable way to transfer funds to their loved ones in the Philippines.
OFW remittances are vital to the country's economy. As per Bangko Sentral ng Pilipinas, personal remittances from OFWs increased by 3.5 percent to US$3.12B in November 2024 from the US$3.02B registered in November 2023. The UAE remains a top contributor to this growth, hence 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 UAE can send money via Xpress Money to their families and loved ones in the Philippines. These remittances can be clained 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 agreement were executives from Palawan Group of Companies: Lilian Castro-Selda, EVP & CFO; Bernard Kaibigan, Group Marketing Head; Rebecca Badayos, Head of International Remittances; and Samir Vijay Vidhate, SVP at Xpress Money Services Limited.
"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 Selda.
"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," said Samir Vidhate.
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.
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