Puregold Enters Remittance Business
The Board of Directors of Puregold Price Club Inc. (PSE: PGOLD) has approved on September 7, 2018 the incorporation of another subsidiary to be named as Purepadala Inc.
In partnership with banks, financial institutions, and other financial technology entities, Purepadala is intended to operate a cash remittance business for the benefit of the customers and shoppers of Puregold Group of Companies.
Before operating as such, the company will undergo the regular process, and subject to the approval, of the regulatory government agencies.