By James A. Loyola
LBC Express, Inc. has signed a partnership agreement with PERA HUB, the retail brand of PETNET, Inc.
Under the agreement, LBC outlets will offer payout services for transactions sent via Western Union® services in all of its over 1,400 locations nationwide, thus providing more convenience to consumers.
“Staying true to LBC’s overall vision and thrust for Q4 2016, we are proud to announce this partnership with one of the most respected and trusted names in the industry,” shares LBC President Miguel Camahort.
“We are excited to have LBC on-board. This will definitely open up new opportunities for both businesses with regard to the remittance industry,” said PETNET President Lorenzo T. Ocampo.
PERA HUB, the retail brand of PETNET (which is majority owned by Aboitiz Equity Ventures Inc.), is currently the largest agent network of Western Union in the Philippines.
“We are pleased with this collaboration between PETNET and LBC. Having Western Union® services available in LBC branches nationwide is aligned with our plans of expanding our network footprint in the country and making our services more accessible to consumers,” said Western Union Country Director Jeffrey Navarro.a