Company Information

Get to know PETNET Inc.

Founded in 1998, PETNET, Inc. is a leading financial services provider in the Philippines and the largest agent network of Western Union in the country. Majority-owned by Aboitiz Equity Ventures (AEV) and UnionBank of the Philippines (UnionBank), the company operates under the retail brand PERA HUB. Its mission is to empower communities by offering accessible financial solutions, including remittance, currency exchange, bills payment, cash-in/cash-out services, and micro-insurance. PETNET is regulated by the Bangko Sentral ng Pilipinas (BSP) as a Remittance and Transfer Company (RTC) and an Electronic Money Issuer (EMI).

Industry

Financial PaymentPRIMARY
Financial Other Service

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PETNET Inc.

Philippines

Founded in

1998 (28 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(326 reviews)

United States

2008

(18 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.