Palawan Pawnshop

Palawan Pawnshop – Palawan Express Pera Padala is a Philippine-based pawnshop and non-banking financial institution offering services such as pawn-broking, money remittance, insurance, bills payment, remit-to-account, corporate payout, collections, and electronic reloading. It is headquartered in Puerto Princesa, Palawan.

Palawan Pawnshop
FoundedAugust 17, 1985 (1985-08-17) in Puerto Princesa, Palawan, Philippines
Headquarters
Puerto Princesa, Palawan
,
Philippines
Area served
Nationwide
Key people
Bobby L. Castro
(President and CEO)
ProductsInsurance
Services
Subsidiaries
    • Eight Under Par (Pawnshop Operator), Inc.
    • Palawan Pawnshop Inc.
    • Paragua Pawnshop and Financial Services Inc.
    • VG Star Pawnshop & Jewelry Corporation
Websitewww.palawanpawnshop.com

History

It was founded in 1985, originally owned by the Rodriguez family, with the intention of providing cash-based financial assistance to the common folk of Puerto Princesa. It would later be acquired by spouses Bobby and Angelita Castro, two former anti-Ferdinand Marcos activists. Bobby had wanted to establish a business portfolio of his own apart from managing his father's business.[1] After acquiring the business from the Rodriguez family for ₱40 thousand,[2] its first outlet was established along Malvar Street in the city.[3]

In 2021, digital cross-border payment service WorldRemit partnered with Palawan Pawnshop to increase its remittance network.[4]

References
  1. Tayao-Juego, Annelle (February 3, 2019). "Ex-activists find a new cause". Philippine Daily Inquirer. Retrieved December 23, 2021.
  2. "Palawan Pawnshop CEO Bobby Castro receives honorary doctorate degree". BusinessMirror. June 26, 2021. Retrieved December 23, 2021.
  3. "Palawan show to mark pawnshop's 30th year". Philippine Daily Inquirer. August 14, 2015. Retrieved December 23, 2021.
  4. Almazan, Faye (February 19, 2021). "WorldRemit ties up with Palawan Pawnshop". The Manila Times. Retrieved January 11, 2022.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.