DAVAO CITY The Cooperative Development Authority (CDA) has granted a special license to DigiCoop Technology Service Cooperative (DTSC), to provide technology platform for online transactions. The CDA license issued to DTSC allows it to transform the country’s cooperatives from their traditional paper works and face-to-face transaction into the competitive world of…
Philippines – Aiming to accelerate tech transformation and provide web and mobile banking capability to its members, DigiCOOP Technology Service Cooperative
Published July 22, 2021, 8:00 AM
Information and insights company TransUnion has teamed up with Philippine cooperatives to boost lending confidence and boost financial inclusion in the country.
In a statement, TransUnion said it has reached an agreement with 1 Cooperative Insurance System of the Philippines (1CISP) and its partner TraXion Tech Inc. to extend its solutions to cooperatives in underserved and underbanked areas in the country.
Cooperative members of 1CISP will have access to richer data solutions, which will enable them to better service their community and prospective members and drive greater financial inclusion.
1CISP offers support to mostly underprivileged communities by providing their cooperatives with life and non-life insurance products and wider financial services. Its tech partner TraXion Tech is a systems integration company that specializes in transaction management systems.