Veterans Bank Partners with Palawan Group for POS Cash Withdrawal Service
PVB and Palawan Sealing the Partnership: (L-R) PVB South Luzon Area Head Julius Marquez, PVB Chief Digital Marketing Officer Head Charina Balanquit, PVB Branch Banking Sales Head Geraldine Romano, PVB President and Acting CEO Renato Claravall, Palawan Group Vice-President for New Products and Services Lisa Lou Castro-Sabado, Palawan Group B2B Department Head Missy Baldemor, and Palawan Group Key Account Manager Rona Juan.
MAKATI CITY – Aiming to expand its footprint nationwide and thereby reach a wider market with its banking services Philippine Veterans Bank has partnered with the Palawan Group of Companies to enable ATM cardholders to do cash withdrawals from Palawan Pawnshop and Palawan Express Pera Padala branches with the use of Point-of-Sale (POS) terminals.
Veterans Bank has already deployed POS machines to 300 branches of the Palawan Group nationwide that allows Veterans Bank ATM cardholders to conveniently withdraw funds from the nearest Palawan branch. This has made it very beneficial and safer for PVB clients in areas where there is no nearby Veterans Bank branch to access their accounts and get much-needed cash. Even non-Veterans Bank ATM cardholders can avail of the POS withdrawal service as long they have a BancNet-linked ATM card.
The Veterans Bank and Palawan Group partnership was forged last year through a Memorandum of Agreement signed by officials from both companies. Signing for PVB were President and CEO Renato Claravall signed the MOA along with FVP Charina Balanquit, Chief Digital Marketing Officer; VP Geraldine Romano, Head of Branch Banking Sales; and AVP Julius Marquez, Area Head of South Luzon Area. On the other hand, the Palawan Group of Companies were represented by Ms. Lisa Lou Castro-Sabado, Vice President for New Products and Services; Ms. Missy Baldemor, B2B Department Head; and Ms. Rona Juan, Key Account Manager.
According to President Claravall:
“This service, in partnership with the Palawan Group of Companies, will allow Veterans Bank to expand its network and customer touchpoints through the use of technology-based innovations. It will also enable the Bank to serve our clients in areas where we do not have branches, especially our veterans and their families.”
Additionally, President Claravall expressed his optimism for the success of the project and hopes for the eventual deployment of the service to even more Palawan Pawnshop – Palawan Express Pera Padala branches nationwide.
To know which Palawan Pawnshop or Palawan Express Pera Padala Branches offer the POS ATM withdrawal service, interested individuals may visit the Veterans Bank website at www.veteransbank.com.ph.
