The Public Safety Savings and Loan Association Inc. (PSSLAI), a financial institution serving over 350,000 uniformed public safety personnel, has tapped Traxion Tech to launch its new digital platform.
In a news release, Traxion Tech said it signed a memorandum of agreement with PSSLAI on May 7 to launch the PSSLAI Bilis Online, making the latter the first savings and loan association (SLA) in the Philippines to launch a mobile banking application powered by an electronic wallet solution.
PSSLAI’s partnership with Traxion Tech underscores the former’s commitment “to providing fast, secure, and convenient financial services to its members from the Philippine National Police, Bureau of Fire Protection, and other affiliated organizations,” according to the financial technology company.
Traxion Tech said the new PSSLAI Bilis Online platform will be powered by e-wallet technology —designed to offer members real-time access to their account balances, detailed loan information, and the ability to perform transactions such as fund transfers and loan applications through a user-friendly mobile app.
“This partnership with Traxion Tech is a significant step in our digital transformation journey,” said retired Police Major General Atty. Lucas Managuelod, chairman and CEO of PSSLAI.
“Our goal is to enhance the banking experience of our members by leveraging technology to provide efficient and accessible services,” he added.
Traxion Tech said it would bring its expertise in developing scalable and secure digital solutions to the partnership, ensuring that PSSLAI’s members benefit from cutting-edge technology tailored to their needs.
“We are honored to collaborate with PSSLAI in this endeavor,” said Joshua Allen Santos, COO of Traxion Tech.
“Our mission is to empower institutions like PSSLAI with innovative tools that drive financial inclusion and operational excellence,” he said. — VBL, GMA Integrated News
This is an excerpt from the original article.
— Ted Cordero, GMA Integrated News
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