Raquel Pawnshop in the Philippines

Raquel Pawnshop, Inc. is a family owned business that was established on November 5, 1993. The first pawnshop rose at the heart of Lucena City where the original textile business of Raquel family grew. The branches expanded and Raquel agreed to form a corporation which paved the way for RAQUEL PAWNSHOP, INC.
In its early years of existence Raquel Pawnshop, Inc. served as a money lending company in exchange of personal property which is within the scope and limitation of Presidential Decree No. 114 . The first few branches were established in nearby towns of Quezon Province and Laguna.
In the year 2006 launched the “renew anywhere” service – the first automated and network based transaction ever-made in the realm of pawnshop industry.

As years piled up additional products and services were offered by RPI and these are as follows:
• Remittance (Peraquel Express, Western Union Money Transfer, CebuanaLhuillierPeraPadala, Transfast)
• MONEY CHANGER (selected branches)
• Pawning of gadgets such as cell phone, DSLR camera, laptop, smart phones and tablets
• Auctions jewelries and gadgets (accepts credit card on Jewelry purchases)
• Pawning of luxury bags and watches in selected branches
• Accident Insurance Plan – insurance benefit for the Pawnees such as Accidental Death Benefit, Permanent Total Disablement Benefit, Permanent Partial Disability Benefit and Unprovoked Murder & Assault Coverage. Insurance worth P20.00 equivalent P41, 000.00 benefit with 6 months coverage.
• Bills Payment
• Ticketing
• Loading (E-load & e-pins)
• Gcash Cash In
• Scan to Pay via Gcash
• BPI Globe BanKo