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No More Long Trips for Banking: Rural Bank of Escalante Welcomes New CTM

RBPay’s Cash Teller Machine (CTM) launched in Rural Bank of Escalante, Inc.’s (RBEI) Don Salvador Benedicto Branch Lite Unit (DSB-BLU) branch in Negros Occidental during their 1st anniversary on October 21, 2024. 

Traxion representatives, RBEI Board of Directors, Management, Stockholders, and Vice Mayor Hon. Nehemiah Joe J. Dela Cruz of Don Salvador Benedicto Municipality were present at the CTM blessing and launching event.

Vice Mayor Hon. Nehemiah Joe J. Dela Cruz expressed gratitude to RBEI for providing financial services to the residents of Don Salvador Benedicto. Hon. Dela Cruz praised Traxion for its role in advancing financial inclusion through digital innovations, particularly highlighting the company’s successful partnership with Land Bank of the Philippines. The use of CTMs by Traxion is a prime example of how this partnership is driving positive change for the underserved and underbanked Filipinos.

Ms. Ma. Elsie L. Gonzaga, RBEI President, was grateful for the partnership with Traxion  which has enabled RBEI to provide convenient financial services to the local residents of the mountainous municipality of Don Salvador Benedicto in Negros Occidental. Through the QR-code operated CTM, the community members in Don Salvador Benedicto would experience the improved speed and hassle-free banking services. Ms. Gonzaga also anticipated the launch of their mobile application using the RBPay Suite next month as a crucial step in the rural bank’s digital transformation.

Traxion and RBEI looked back on celebrating the successful launch of their first CTM in their main branch in Escalante City on October 16, 2024. Building on this achievement, they are expanding the availability of the CTM to their Don Salvador Benedicto branch.

The event concluded on a positive note, with attendees expressing enthusiasm for the potential of digital innovation to enhance financial inclusion, particularly in rural areas of the Philippines. Sharing a common vision, RBPay and Rural Bank of Escalante, Inc. are committed to expanding digital services and reaching underserved communities in Negros Occidental. 

To learn more about Traxion and RBPay, contact us today through our email: sales@traxiontech.net.

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