PalawanPay is a Philippine digital financial services and e-wallet platform launched by the Palawan Pawnshop Group in 2022, with its initial rollout beginning on April 2, 2022, in the Visayas, Mindanao, and Palawan regions. The platform was developed to bring the group’s established financial services into the digital environment, particularly for Filipinos who may have limited access to traditional banking services. PalawanPay is part of the Palawan Group of Companies, whose business was established in 1985 by Bobby and Angelita Castro. The group is currently led by Karlo M. Castro as President and CEO, while Bobby Castro serves as Chairman.
PalawanPay operates in the fintech, e-wallet, digital payments, money remittance, and financial services sectors. Its platform allows users to send and receive money, pay bills, purchase mobile load, and access other digital financial services through a smartphone, while its connection with the Palawan Express Pera Padala network enables recipients to claim remittances through physical branches and authorized agents. By combining Palawan Group’s nationwide physical network with digital technology, PalawanPay aims to make financial transactions more convenient, accessible, and inclusive for Filipino consumers.
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