The Palawan Group of Companies, a pawning and financial services company, teamed up with Small Business Corp. (SB Corp.) to enhance payment solutions for micro-, small, and medium enterprises (MSMEs) nationwide.
The partnership between Palawan Group of Companies and SB Corp., which began in 2019, capitalizes on Palawan Pawnshop – Palawan Express Pera Padala’s expansive network of over 3,300 branches as primary payment channels for SB Corp. clients. The integration of the PalawanPay app further enhances this collaboration, offering SB Corp.’s clients flexible payment options anytime, anywhere.
This initiative aims to provide MSMEs with greater convenience and accessibility across the Philippines. By leveraging Palawan Group of Companies’ nationwide network and innovative payment solutions, SB Corp. reaffirms its dedication to empowering MSMEs and fostering financial inclusivity.
The Palawan Group of Companies is composed of products and services such as Palawan Pawnshop, Palawan Express Pera Padala, Palawan ProtekTODO, Palawan Credit, and PalawanPay.
SB Corp., founded in 1991 under RA No. 6977 and later amended by RA 8289, operates under the Department of Trade and Industry’s Small and Medium Enterprise Development Council. Focused on facilitating financial access for MSMEs, SB Corp. offers various programs, including wholesale lending and retail or direct lending to MSMEs.