To enhance financial services for micro-, small-, and medium-sized enterprises (MSMEs) across the country, the Palawan Group of Companies has cemented its partnership with Small Business Corporation (SB Corp.).
SB Corp., established in 1991 under RA No. 6977 and later amended by RA 8289 in 1997, operates under the Small and Medium Enterprise Development and Council of the Department of Trade and Industry. The corporation is dedicated to facilitating financial access for MSMEs through various programs, including wholesale lending to smaller financial institutions and direct lending to MSMEs.
This strategic partnership, which commenced in 2019, harnesses the extensive network of over 3,300 Palawan Pawnshop – Palawan Express Pera Padala branches as primary payment channels for SB Corp. clients. The integration of the PalawanPay app further enriches this collaboration, offering SB Corp.’s clients flexible payment options, accessible anytime and anywhere.
The collaboration underscores SB Corp.’s commitment to empowering MSMEs by leveraging the Palawan Group of Companies’ expansive nationwide network and innovative payment solutions. Together, they aim to foster financial inclusivity and create an environment conducive to the growth and success of small businesses, thereby driving economic progress across the Philippines.
The Palawan Group of Companies, comprising Palawan Pawnshop, Palawan Express Pera Padala, Palawan ProtekTODO, Palawan Credit, and PalawanPay, is a trusted brand in the Philippines, boasting 38 years of service excellence. With over 25,000 branches, Pera Padala outlets, and PalawanPay Money Shops nationwide, the company offers a plethora of financial services, including pawnbroking, remittances, microinsurance, bills payment, mobile phone loading, e-wallet cash-in, money exchange, ATM withdrawals, and cash disbursements.