{
  "id": 17024277,
  "title": "Palawan Group and AltPayNet form strategic fintech partnership",
  "url": "https://urgent.news/2026/10/29/palawan-group-and-altpaynet-form-strategic-fintech-partnership",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-29T06:17:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/biz-memos/2026/10/29/2566532/palawan-group-and-altpaynet-form-strategic-fintech-partnership"
  },
  "original_language": "en",
  "account": "Palawan Group and AltPayNet have formed a strategic partnership in the fintech industry to enhance access to international remittance services. As overseas remittances play a vital role in supporting millions of Filipino families, this collaboration aims to make these inflows more accessible and dependable. According to the Bangko Sentral ng Pilipinas, total personal remittances from overseas Filipinos reached US$39.62 billion in 2025. Under this partnership, beneficiaries can conveniently receive funds through PalawanPay or at over 3,800 Palawan Express Pera Padala branches nationwide. This collaboration expands the Palawan Group's financial services ecosystem and provides customers with more convenient ways to receive remittances. Lisa Castro-Sabado, chief business development officer of the Palawan Group, emphasizes that every remittance reflects the hard work and sacrifices of overseas Filipinos. DonVacal, President and CEO of AltPayNet, reiterates the importance of expanding access to reliable remittance infrastructure to ensure that financial support reaches families safely and efficiently. The partnership is supported by Palawan for Business, which will work closely with AltPayNet to facilitate the implementation of international remittance services across Palawan's nationwide network.",
  "summary": "The collaboration also expands Palawan Group's growing ecosystem of financial services by providing customers with more convenient ways to receive remittances through both its nationwide branch network and digital platforms.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}