NATCCO faces a unique challenge: how to provide shared financial services to more than 800 co-operative organisations serving nearly 5 million members? NATCCO deployed Temenos Mobile Payment System to underpin its innovative Kaya Payment Platform, enabling co-operatives to offer their members the chance to manage and transfer funds via smartphone, ATM, or POS terminal. With mobile use rocketing among the young population in the Philippines, the ambitious scheme will increase the availability of key services and drive financial inclusion across the country.
We have a very young population in the Philippines. The young generation would be techy and if we do not have the platform, we may not have young people in the cooperative movement. So, for me, it is really survival for us.Sylvia Okinlay-Paraguya, CEO