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Dec 15, 2013

Domestic Money Remittance

Wherever and whenever, a Noypi always looks back and gives back to his/her family. Most of the time, a Noypi works far from his/her family in order to provide for their needs, especially financial needs. That is why, in my opinion, the money remittance industry in the Philippines is strong and growing because of this innate nature of Noypis.  

These money remittance companies, most of the time, are accompanied or under their pawnshop services, such as RD Pawnshop, Palawan Express Padala, MLhuillier, and Cebuana Lhuillier. The mix in their services are also very helpful considering that one can easily loan or pawn a jewelry or electronic device  in the said pawnshops and, at the same time, send the loaned money through the same provider. In the case of LBC Hari ng Padala, their freight service, which also operates internationally, is accompanied by LBC Padala Express.

There are different perks and privileges that these companies offer. For one, Cebuana Lhuillier offers 24K Program where a person earns certain point/s when using their service. Achieving a certain number of points then entitles the member of some prizes and perks, such as converting the points to pay for the service fee/charge of sending money. Also, LBC Hari ng Padala offers a centralized ID for all transactions, which is solely provided by the company. Therefore, you only need to bring the ID they have provided once you do a transaction with them in any branch.

Aside from this, one of the advantage of sending your money through Palawan Express is you can cash-out your money from any LBC Hari ng Padala branches, provided that you have their centralized ID and an additional ID as supporting document.

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