MAKATI CITY – Aiming to expand its footprint nationwide and thereby reach a wider market with its banking services, Philippine Veterans Bank (PVB) has partnered with the Palawan Group of Companies to enable ATM cardholders to do cash withdrawals from Palawan Pawnshop – Palawan Express Pera Padala branches with use of Point-of-Sale (POS) terminals.
The service, which will be launched in 300 Palawan Pawnshop – Palawan Express Pera Padala branches nationwide soon, makes use of a POS terminal to allow Veterans Bank ATM cardholders to conveniently withdraw funds from the nearest Palawan Pawnshop branch. This would be very beneficial and safer for PVB clients in areas where there is no nearby PVB branch or ATM. Even non-PVB ATM cardholders can avail of the service as long as they have a BancNet-linked ATM card.
The partnership between PVB and Palawan Group of Companies was made official through a Memorandum of Agreement signing ceremony held recently and attended by officials from both companies. For PVB, President and Acting CEO Renato Claravall signed the MOA along with FVP Charina Balanquit, Chief Digital Marketing Officer; VP Geraldine Romano, Head of Branch Banking Sales; and AVP Julius Marquez, Area Head of South Luzon Area. Signing the agreement for Palawan Group of Companies were Ms. Lisa Lou Castro-Sabado, Vice President for New Products and Services; Ms. Missy Baldemor, B2B Department Head; and Ms. Rona Juan, Key Account Manager.
According to President Claravall:
“This service, in partnership with the Palawan Group of Companies, will allow Veterans Bank to expand its network and customer touchpoints through the use of technology-based innovations. It will also enable the Bank to serve our clients in areas where we do not have branches, especially our veterans and their families.”
Additionally, President Claravall expressed his optimism for the success of the project and hopes for the eventual deployment of the service to even more Palawan Pawnshop – Palawan Express Pera Padala branches nationwide.
PVB and Palawan Group of Companies will be announcing through their regular communication channels the Palawan Pawnshop – Palawan Express Pera Padala branches that will have the POS-based cash withdrawal service available.