Ortigas, Pasig City – Traxion, a leading fintech innovator, has partnered with United Aurora Lending Corporation (UALC), a lending and insurance company, to enhance financial accessibility in Zamboanga del Sur. This collaboration introduces cutting-edge digital financial services to the province, providing residents with greater access to secure, convenient, and affordable financial solutions.
By integrating Traxion’s MicroPay Suite, including Cash Teller Machines (CTMs), the MicroPay mobile app, and QRPh cards, UALC becomes the first financial institution in Aurora to provide CTMs equipped with POS terminals, revolutionizing how financial transactions are conducted in the region.
“Through this partnership with Traxion, we will bring revolutionary technology to Zamboanga del Sur. We are delighted to bring digital solutions to Aurora” said Ms. Ann Cuisia, CEO of Traxion. “This partnership perfectly aligns with both Traxion and UALC’s commitment to expanding access to financial services and empowering communities through digitalization.”
Bridging the Gap in Rural Banking Through Digital Innovation
Residents in the area will now have access to a wide range of digital financial services that eliminate reliance on traditional banking, which remains limited in rural areas. Through Traxion’s MicroPay Suite, customers can seamlessly perform cash-ins, cash-outs, bank transfers, e-wallet transactions, bill payments, and e-load purchases, among other essential financial activities. The integration of QRPh cards further ensures secure and convenient digital payments across various merchants and service providers.
“We are excited to partner with Traxion to bring these innovative digital solutions to our valued customers in Aurora,” said Mr. Christopher Evans, President of UALC. “We have chosen Traxion’s products and services, because it is in line with UALC innovation programmes. These products and services will vastly improve our community by giving them a one-stop banking solution and allow them to gain financial control of their banking and not just rely on traditional banking, which in rural areas is very limited.”
Strengthening Partnerships with Lending and Financial Institutions
Financial institutions, including lending firms, cooperatives, and rural banks, play a crucial role in bridging financial gaps for underserved communities. As Traxion continues to expand its reach, it remains open to partnerships with more financial institutions looking to integrate digital financial solutions into their services.
“This is just the beginning,” added Ms. Cuisia. “We recognize the vital role of microfinance institutions in driving financial inclusion, and we are eager to collaborate with more MFIs looking to enhance their services through fintech.”
With UALC’s leadership team, including Branch Manager Rica Lapura and Assistant Branch Manager Janina Cedy Pilapil, reaffirming their commitment to Traxion’s digital innovations, this partnership sets the stage for broader financial transformation in underserved areas.
A Future of Inclusive Finance
The collaboration between Traxion and UALC marks a significant step toward reshaping the financial landscape of Zamboanga del Sur. By leveraging digital solutions tailored for local communities, this partnership empowers individuals, fosters financial independence, and paves the way for a more inclusive financial ecosystem.
About Traxion
Traxion is a pioneering fintech company that empowers individuals and businesses through digital transformation, offering innovative financial solutions designed for seamless transactions and financial inclusion.
About UALC
United Aurora Lending Corporation (UALC) is a lending and insurance provider committed to delivering accessible and affordable financial services, helping Filipinos achieve financial stability and security.