Palawan Pawnshop Partners With Bayad For Enhanced Bills Payment

The bills payment service of Palawan Pawnshop – Palawan Express Pera Padala is taken on another level with Bayad, the country’s most trusted payments authority.

For 35 years, Palawan Pawnshop has served as a one-stop money shop offering various financial services through its more than 3,000 outlets covering 79 out of the 81 provinces in the country. Bayad, on the other hand, has over 20 years of experience in providing end-to-end outsourced payment solutions.

The coming together of these two stalwarts means Palawan Pawnshop customers can enjoy greater bills payment convenience and security with Bayad’s “Tatak-Sigurado” seal, which ensures the integrity and privacy of every transaction.

At this point, about 60% of Palawan Pawnshop branches nationwide are already powered by Bayad and more outlets are being integrated in its platform. Upon completion, all Palawan Pawnshop branches across the country can readily process over 300 types of bills across its counters, including payments for electricity, water, telco, cable and internet, credit cards, and even for government contribution fees.

Bayad President and CEO, Lawrence Y. Ferrer expressed, “In parallel with our digitalization efforts, we continue to strengthen the physical aspect of our business as a great number of Filipinos, especially in far-flung areas, still do not have full access to financial services. This is a need that calls upon companies like us and Palawan Pawnshop to address because we have established on-ground expertise and network.”

Palawan Pawnshop President and CEO Bobby Castro added, “We believe that collaboration is key to further enhance the services we provide to customers as we continue to expand in the provinces, aiming to reach more municipalities and remote towns nationwide.”

Both companies view the partnership as a contribution to achieving a financially inclusive Philippines, emphasizing the importance of championing both the digital and physical channels to deliver much-needed financial services.

Early this year, Bayad launched its all-in-one pera transaction mobile app called Bayad and web-based payment platform called Bayad Online for digitally inclined payers. It also continues to boost its physical payment footprint with over 50,000 touchpoints nationwide.