Digido Finance Corp. has signed a memorandum of agreement with PalawanPay, the digital wallet of the Palawan Group of Companies, creating a new avenue for PalawanPay users to access Digido loans directly within the app. This marks a significant development in the digital finance sector, aligning both companies in their mission to enhance financial inclusion across the Philippines.
With this collaboration, PalawanPay’s 20 million users will now be able to access Digido’s fair loan services, which offer up to P6,000 for first-time borrowers and up to P25,000 for repeat clients. The loan proceeds may be used for digital transactions, QR Ph-accepting merchants, and conveniently repaid through the PalawanPay account, providing greater ease of use for consumers in managing their financial needs.
“This landmark partnership reflects the synergy of both companies’ products and our aligned goal in promoting financial inclusion through access to safe and trusted digital financial services,” said Aleksei Kosenko, president of Digido Finance Corp. He also expressed excitement about the expanded reach to serve more Filipinos with their credit offerings.
PalawanPay, one of the fastest-growing digital wallet apps in the country, has successfully positioned itself as a trusted platform for millions of Filipinos, and with this partnership, it strengthens its role in offering holistic financial solutions. Third Librea, president and CEO of PalawanPay, emphasized the company’s dedication to fostering financial inclusion, saying, “I can’t wait to see more of our kababayan enjoy reliable digital financial services.”
This strategic partnership represents a major step forward in making digital financial services more accessible, convenient, and efficient for millions of users across the Philippines.
