Company Information

Get to know Palawan Pawnshop

Founded in 1985 in Puerto Princesa City, Palawan, by Bobby and Angelita Castro, Palawan Pawnshop began as a single-branch business providing collateralized loans. It has since grown into one of the largest and most trusted financial service providers in the Philippines. The company expanded its services significantly with the launch of Palawan Express Pera Padala, a fast, affordable, and accessible money remittance service that has become a cornerstone of its business. Today, the company operates thousands of branches nationwide, offering a suite of services including pawning, money remittance, foreign currency exchange, bills payment, accident insurance, and a digital wallet called PalawanPay.

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Palawan Pawnshop

Philippines

Founded in

1985 (41 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.