Digido Finance Corp. said Monday it signed a memorandum of agreement with PalawanPay, the digital wallet of the Palawan Group of Companies, enabling PalawanPay users to access Digido loans directly within the app.
PalawanPay users can utilize their Digido loans for digital transactions and QR Ph-accepting merchants and conveniently repay their loans through their account.
Digido offers fair loans up to P6,000 for first-time borrowers, along with a standard personal loan up to P25,000 for repeat clients.
PalawanPay successfully solidified its position as one of the fastest-growing digital wallet apps in the Philippines, delighting over 20 million users.
“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,” Digido Finance Corp. president Aleksei Kosenko said.
“We are incredibly excited to embark on this endeavor with PalawanPay and are looking forward to serving more Filipinos with our credit services,” he said.
PalawanPay president and chief executive Third Librea said they are very keen to kick off the partnership with Digido. “I can’t wait to see more of our kababayan enjoy reliable digital financial services,” he said.