Insider Spotlight
The service operates through the PalawanPay app and leverages Ria Money Transfer’s global payout network for fast and secure transactions.
Why it matters
According to Miguel Mangubat, B2C marketing manager of Palawan, data shows that remittances contribute around 7 percent of the Philippines’ GDP—about $38 billion in 2024.
While the country has long been an outbound remittance market, the rise of digital transactions—accelerated by post-pandemic shifts—has unlocked new opportunities.
Palawan emphasized in its press release that its aim is to provide services that “truly empower each and every Pinoy through the DNA of Palawan.”
Regulatory confidence
Lilian Castro-Selda, vice chair and chief financial officer of the Palawan Group, underscored during the launch that both Palawan and PalawanPay and its brick-and-mortar operations are supervised by the Bangko Sentral ng Pilipinas (BSP).
They shared that the BSP conducts examinations roughly every two years, with a strong focus on Anti-Money Laundering compliance.
Only verified accounts are allowed to send money, whether domestic or international, reinforcing strict Know Your Customer protocols. She adds that they remain “mutually invested in processing good money.”
What they’re saying
Karlo M. Castro, president and CEO of the Palawan Group of Companies, also said during the launch that Pera Padala’s success stems from trust, accessibility, and hassle-free service.
He noted that Pera Padala Abroad brings the same ease and peace of mind to global remittances, empowering Sukis to send money abroad confidently through the PalawanPay app.
The big picture
Outbound transfers continue to grow as Filipinos support loved ones overseas, transact with international clients, and pay global suppliers. With remittances serving as a crucial economic pillar, reliable cross-border services are increasingly vital.
How it works
Filipinos can send money via:
Transfers can be sent to bank accounts, e-wallets, or cash pick-up points. Processing is done in real time, with competitive rates and affordable fees starting at P300 for foreign currency remittances and P5 for local transactions.
Ria’s platform provides access to over 500,000 payout locations worldwide.
The partnership angle
Ria executives said their network ensures reliable access even in remote regions, backed by strong compliance and operational standards.
What’s next
With Pera Padala Abroad, Palawan strengthens its mission to advance financial inclusion by pairing its extensive branch network with digital convenience—delivering secure, accessible, and affordable global financial services to Filipinos everywhere. —Vanessa B. Hidalgo | Ed: Corrie S. Narisma
