PalawanPay, the mobile e-wallet application of the Palawan Group of Companies, plans to launch its physical card in the fourth quarter as it expands beyond digital services, according to a company executive.
“We’re looking at launching the physical cards later this year. Maybe later early next year, but the goal really is around November, December,” Palawan Group of Companies President and Chief Executive Officer Karlo M. Castro told reporters in an interview on Thursday.
“Q4 is the target but of course, there are a lot of moving parts. Tech is almost done, but there’s a lot of regulatory requirements,” he added.
The company’s physical Visa card aims to provide more flexible point-of-sale and in-store payments with a ‘minimum’ foreign exchange fee for users worldwide.
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