If you’re an OFW, it pays to know where your loved ones can get your remittances wherever they are in the Philippines. And with every pawnshop in almost any town in the Philippines, it won’t be difficult to find one for them–but only if you can point them in the right direction with this guide. We have hand-picked the best pawn shops and listed everything you need to know about them.
Pawn Shops have evolved from a place you could count on when you’re in a pinch to one of the best assets for overseas Filipino workers (OFW). Although they only catered to domestic transfers originally, they eventually expanded their reach and started accepting international remittances.
Find out which pawn shops cater to certain remittance services—wherever you are.
Started with only four branches back in 1988, Cebuana Lhuillier has expanded its reach to more than 2,500 pawn shops scattered all over the Philippines. While they eventually started their business as a pawnshop, Cebuana expanded its services to savings, insurance, and most importantly, remittance. The company is headquartered in Makati.
Initially, Cebuana Lhuillier started its remittance services from domestic remittances but worked its way by teaming up with numerous international money transfer service providers. As one of the biggest players in the pawnshop industry, it has used its wide network to reach out to families of overseas Filipino workers.
To know if you can claim your remittance via Cebuana Lhuillier, here are the accredited operators that have a partnership with the said pawnshop:
Like Cebuana Lhuillier, M Lhuillier is another big fish not just in the pawnshop business but also in the local remittance sector. With its roots tracing back to jewelers in Cebu back in the 1940s. As the company grew in the 1950s, it extended its core business to financial services and it has become a known pawnshop brand ever since.
Currently, M Lhuillier has around 2,000 branches all over the Philippines. Although pawning is still its biggest business, the company has also become a powerhouse in the local remittance industry. Additionally, it also offers other services such as cash loans, microinsurance, money-changing, and utility payments.
If you think M Lhuillier is better suited for your needs then you want to know which money transfer companies M Lhuillier has partnered with:
Pawn brokerage services were the cornerstone of Palawan Pawnshop, back when the province was badly lacking alternative ways for people to have financial access. Fast forward to thirty years, Palawan Pawnshop broadened its reach with numerous branches nationwide, including its remote headquarters in Makati City.
Beyond pawning, Palawan has been aggressive in pushing its remittance services in a bid to become more renowned in the money transfer industry. Not only they’re connecting people in the Philippines when they need quick and reliable remittance services, but they’ve also teamed up with numerous reputable companies in the international stage. At the moment, Palawan has more than 2,000 branches nationwide, with its main office still located in Puerto Princesa City in its namesake province.
Ready to know which top remittance service providers are accredited partners with Palawan Pawnshop? We’ve got you covered:
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