PERA HUB widens reach with RD Credit and PENBank partnership

PERA HUB onboarded RD Credit Corporation with 33 locations and PENBank, Inc. with 34 locations as sub-agents of Western Union last February 21, 2019. The said retail networks will be able to cater remittance transactions through Western Union.

PETNET, Inc. Sub-Agent Management Manager Richard L. Jabagat actualized the affiliation after working closely on the partnership proposal.

RD Credit and PENBank are currently making their way to the top of the financial services landscape in the Visayas and Mindanao Region through its wide array of services.

The strategic partnership solidifies PERA HUB in achieving its goal of extending its services to the unbanked and underserved Filipinos. “This mutually beneficial partnership enables us to extend our services to Filipinos in areas where there are gaps in financial services. It supports our purpose which is advancing business and communities,” says Mr. Ian Ocampo, PETNET President and CEO.

As of today, PERA HUB remains to be the largest Western Union agent location network in the country.

PETNET, Inc. Sub-Agent Management Senior Assistant Vice President Jun P. Mallo, PETNET, Inc. Vice President for Operations, Sub-Agent Management, Added Value Products, and Customer Service Marc De Guzman, and PETNET, Inc. President & CEO Ian T. Ocampo with RD Credit Corp. & PENBank, Inc. President Roy Rivera and Senior Vice President Jaime B. Vargas, RD Credit Corp. Vice President & General Manager Francis F. Deposa I, and RD Group of Companies Board Member and Treasurer Dolores C. Rivera

 

RD Credit Corporation (RDCC) humbly started operations in 1991 as RD Lending Investor, Inc. mainly with short- and medium-term loan solutions. Now, the enterprise has already expanded with their cash remittance services through RDeRemit enabling their customers to send and receive money in any of their branches.

PENBank, Inc. is a private development bank previously known as Rural Bank of Tupi founded in 1981. For 35 years, PENBank has steadily grown its businesses from banking and lending services to remittance, bills payment, atm deposit & withdrawal, and even payroll services.

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