In an era where digital transactions are integral to daily life, the risks of online fraud and identity theft have grown alongside their convenience. A recent survey by the Cybercrime Investigation and Coordinating Center (CICC) revealed that over one-third of Filipinos have fallen victim to online scams or retail fraud. In response, the Palawan Group of Companies has introduced ProtekPadala, a groundbreaking feature of its e-wallet platform, PalawanPay, to safeguard users against these threats.
PalawanPay, one of the fastest-growing eWallets in the Philippines, already provides a secure environment for money transfers, bill payments, and online shopping. With the addition of ProtekPadala, the platform enhances its security measures, ensuring that every transaction is protected against unauthorized activities.
“For just Php18, your PalawanPay account and all send money transactions will be protected for 30 days with ProtekPadala. This protection is part of our commitment to providing our ‘sukis’ with ‘mura, mabilis, at walang kuskos balungos na serbisyo’ (affordable, fast, and hassle-free service), making every transaction secure and worry-free,” according to Lisa Lou Castro-Sabado, Cash Management Solutions Director at Palawan Group of Companies.
Comprehensive Protection
ProtekPadala shields users against common online threats such as:
- Electronic Funds Transfer Fraud: Covers unauthorized transfers from PalawanPay accounts.
- Online Shopping Fraud: Protects against non-delivery of purchased items by deceptive sellers.
- Identity Theft: Guards against fraudulent use of stolen personal information.
Enrollees receive automatic coverage of PHP10,000, with the option to increase their protection up to PHP100,000 by enrolling multiple times within a 30-day period. ProtekPadala is backed by Oona Insular Insurance Corporation, ensuring reliable and trusted coverage.
Abhishek Bhatia, Founder and Group CEO of Oona Insurance, emphasized, “At Oona, we understand that financial security is the foundation of trust in today’s digital age. We are excited about our partnership with PalawanPay, as we share a common vision of ensuring secure and seamless digital financial services. With ProtekPadala, we aim to protect users from online threats, empowering them to confidently engage with digital transactions and embrace financial services with peace of mind.”
A Trusted Partner in Financial Security
With nearly four decades of experience, the Palawan Group of Companies continues prioritizing the safety of its users’ hard-earned money. ProtekPadala also offers 24/7 customer support and assistance through over 3,500 Palawan branches nationwide, further reinforcing user confidence.
For more details or to enroll in ProtekPadala, visit the PalawanPay app or the official website. Palawan Group of Companies operates under the supervision of the Bangko Sentral ng Pilipinas. Choose PalawanPay ProtekPadala for secure and worry-free financial transactions today.