Batangas, Philippines – Traxion, a leading financial technology (fintech) company, proudly announces its strategic partnership with Mount Carmel Rural Bank, Inc. (MCRBI), the largest rural bank in Batangas (in terms of assets). This collaboration marks a significant leap forward in rural digital banking, as Traxion deploys its innovative RBPay suite of digital banking products and services to enhance financial accessibility and convenience for MCRBI’s communities.
This partnership underscores MCRBI’s proactive commitment to modernizing its services and improving financial inclusion, particularly for underserved communities. By integrating Traxion-powered technology, MCRBI is set to provide a more accessible and superior banking experience.
A cornerstone of this digital transformation is the Cash Teller Machine (CTM), a key offering from Traxion’s RBPay suite. “The availment of the digital banking service from Traxion, specifically the Cash Teller Machine (CTM), is part of the expansion program of MCRBI, providing value-added services to its clients while gearing towards having its mobile banking services,” stated Kevin Matthew Cadiz, President of MCRBI.
Through Traxion’s CTM, MCRBI can now offer clients a more convenient way to perform essential transactions such as withdrawing and depositing cash, paying bills, and mobile loading, without needing to visit a physical branch. The strategic rollout of CTMs in areas like Tanay, Lobo, Padre Garcia, Sta. Teresita, and Lian ensure that even individuals without smartphones or stable internet access can easily reach vital banking services close to home.
Beyond enhancing customer convenience, Traxion’s innovative CTM also addresses operational efficiencies for MCRBI. This digital initiative helps reduce congestion in branches by providing an alternative, self-service channel. “With Traxion’s innovative CTM, MCRBI minimizes long queues for routine transactions, allowing the branch personnel to focus on more complex client needs. This results in faster, more convenient service, and improved operational efficiency,” highlights MCRBI executive officers.
As MCRBI’s trusted digital transformation partner, Traxion is actively turning the bank’s vision into reality, transforming it into a more accessible, efficient, and future-ready financial institution through reliable technology and expertise. This collaboration is a significant milestone, positioning MCRBI to roll out innovative mobile services, especially in underserved areas, and further supporting its mission of driving financial progress for its clients.
“This partnership is about scale and impact,” said Ann Cuisia, CEO of Traxion Tech. “With MCRBI’s strong presence and long-standing trust in the communities they serve, combined with Traxion’s digital solutions, we’re building a strong model for rural banking across the country.”
As the demand for accessible banking continues to grow and financial inclusion becomes a national priority, Traxion and MCRBI are at the forefront, delivering secure, smart, and seamless banking to more Filipinos than ever before. This successful deployment with MCRBI serves as a testament to Traxion’s capability in empowering rural banks to navigate their digital transformation journey and underscores the tangible benefits of adopting advanced fintech solutions.
Ready to revolutionize your rural banking services and expand your reach? Contact Traxion today to learn how our proven digital solutions, like the RBPay suite and Cash Teller Machine (CTM), can empower your institution to serve your community better and drive financial progress. Visit www.traxiontech.com or email marketing@traxiontech.com to schedule a consultation.
This is an excerpt from the original article.
— BMPlus, BusinessMirror