THE 67-year old First Community Credit Cooperative, Inc. (FICCO) is shifting to digital services through a partnership with Traxion Technology Services Cooperative.
Using Traxion’s digiCOOP platform, accessible through a mobile application or an internet browser, FICCO is now offering online financial services such as bills payment, loan availment, money transfer, and online purchase, Traxion Cooperative said in a statement emailed to BusinessWorld.
Traxion Chief Executive Officer Ann J. Cuisia said they are aiming to have 75% or 300,000 of the more than 400,000 FICCO members switch to digital services.
The platform also delivers other services such as membership registration and insurance subscription.
“Such digitalization of offerings makes FICCO one of the first community
cooperatives in the country to provide its members access to a full suite of digital services,” Traxion Cooperative said.
FICCO, which started as the Ateneo Credit Union set up in Cagayan de Oro in 1954, has more than 90 branches and business centers nationwide. More than 92% of its members are from the southern island of Mindanao.
Traxion’s digiCOOP is a technology services and worker’ cooperative that aims to provide a digital platform to fellow cooperatives across the country. It said it aims to “revolutionize and unite” cooperatives through technology. — MSJ