Aboitiz Equity Ventures : LBC seals partnership with PERA HUB as sub-agent of Western Union
January 12, 2017 at 01:08 am
Share
Back to Press Releases
LBC Express, Inc. has officially partnered with PERA HUB, the retail brand of PETNET, Inc. as it signed a partnership agreement with the latter in Bonifacio Global City, Taguig City.
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.
PETNET President Lorenzo T. Ocampo, Aboitiz Equity Ventures, Inc. (AEV) Executive Vice President & Chief Operating Officer (COO) Sabin M. Aboitiz, and LBC President & COO Miguel Camahort signed the contract.
'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 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 Ocampo.
PERA HUB, the retail brand of PETNET (which is majority owned by AEV), 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,' commented Jeffrey Navarro, Western Union Country Director.
Aboitiz Equity Ventures Inc. published this content on 12 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 January 2017 06:08:09 UTC.
Original documenthttp://aboitiz.com/site/press-releases/view/lbc-seals-partnership-with-pera-hub-as-subagent-of-western-union
Public permalinkhttp://www.publicnow.com/view/31EA6F8D7CD2D679477CB2793E6296A9CB390BC8
Aboitiz Equity Ventures, Inc. is a holding and management company. The Company and its subsidiaries are engaged in various business activities mainly in the Philippines, including power generation, retail electricity supply and power distribution, food manufacturing, banking and financial services, real estate development, and infrastructure. Its segments include power segment, which is engaged in power generation and sale of electricity; financial services segment, which is engaged in banking and money remittance operations; food manufacturing segment, which is engaged in the production of flour and feeds and swine breeding; real estate segment, which is engaged in real property development for sale and lease; infrastructure segment, which is engaged in the production of cement and other building materials and in the supply of treated bulk water; and the parent company and others include the operations of the Company and the service provider subsidiaries that cater to the Group.
ABOITIZ EQUITY VENTURES, INC. 
