Davao-based supermall New City Commercial Center has inked a deal with local blockchain company TraXion to boost the development of cooperatives in Mindanao region.
Through the NCCC’s Ka Partner program, cooperatives will be given perks and advantages as well as trainings from NCCC on how to manage their enterprises. TraXion will serve astechnology provider for this program.
“Combining our knowledge and experience in the retail industry with that of the expertise of Traxion in leading-edge technology, and the goal of providing excellent service to reach the grassroots, we have partnered to make a project that can impact our fellow Filipinos,” TraXion CEO Ann Cuisa explained.
The program will comprise of KoopKicks, KoopMart, and Ka-Coop Card. Ka-Coop Card will provide the benefits such as reduced cost of handling cash loans, online-real time credit line management, contributing data to their member’s credit score, and digital, seamless, cashless shopping. The card comes with a QR code.
Under the KoopKicks, NCCC can fund and support an aspiring entrepreneur from the cooperatives. Meanwhile, KoopMart will provide supplies and system to the cooperatives.
“NCCC believes that real community development should start in the grassroots. Along with
Traxion's vision of serving the underserved, NCCC aims to place this sector in the frontline of
technological advancement,” NCCC CEO Lafayette Lim said.
The program eyes to onboard at least 550,000 cooperative members.
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