• Lezo MPC's Champion, Aklan's Pride

    AKLAN – She served the National and Local Government as a dedicated, hardworking Municipal Agriculturist Extension Worker of the Municipality of Lezo for 42 years, before she retired in 2010.  And Emelinda Revestir-de la Cruz has proven herself to be Read More
  • COOP-NATCCO Partylist guns for 3 seats

    All cooperative members, leaders, staff, management and stakeholders are reminded to support COOP-NATCCO Partylist (CNPL) in the upcoming 2019 Elections.  Support is through – voting, campaigning, or providing finances and logistics.   The CNPL, since 1998, has endeavored to protect Read More
  • Ravanera, Chinese Counterpart Sign Agreement

    The Cooperative Development Authority (CDA) represented by Chairperson Orlando R. Ravanera and the Ministry of Agriculture and Rural Affairs (MARA) of the People's Republic of China represented by Han Changfu, signed a Memorandum of Agreement (MOU) for the Strengthening of Read More
  • Financial Pillar Shows Challenges & Hopes of Co-ops

    DAVAO CITY – One of the highlights of the 14th National Cooperative Summit was the Financial Pillar Presentation.  The Financial Pillar is considered to be the most “liquid” sector of the cooperative, delving into financial services.   The Finance Pillar Read More
  • How Lamac MPC Engages Youth

    DAVAO CITY - Co-op Youth Leader Justine Limocon of Lamac Multi-Purpose Cooperative in Cebu Province, spoke at the Cooperative Summit before more than 3,000 co-op leaders from all over the country, urging them to engage the youth in their cooperatives.   Read More
  • NATCCO GA on April 26-28 in Iloilo City

    ILOILO CITY – Representatives of member cooperatives of the NATCCO Network will converge in Iloilo City on April 26-28 for the 17th Coop Leaders Congress and the 42nd General Assembly.  Venue is the Grand Xing Imperial Hotel.   This year’s Read More
  • Coop Philippines Marque Launched at 14th Summit

    DAVAO CITY – To establish the co-op brand and identity in the country, the Co-op Sector launched at the 14th National Cooperative Summit the Co-op Marque Philippines.   This is in line with International Cooperative Alliance thrust for “Vision 2020”, Read More
  • Dr. Luis Carrillo: Bigay Pugay Awardee 2018

    Dr. Luis Carrillo sought wisdom from the written divine revelation, fascinated with numbers, and believed cooperation is the key to attain better quality of life for humanity.    He obtained a Diploma in Pastoral Theology from International Grace Bible Institute Read More
  • ICA Backs Zero Tolerance for Harassment & Discrimination

    BUENOS AIRES – The cooperative movement has approved a formal commitment towards the promotion of a decent working environment and zero tolerance for any form of harassment. The fact that a global actor like the International Co-operative Alliance (ICA) commits Read More
  • Felisa Palencia: Bicol Region’s Bigay Pugay Awardee

    BAAO, CAMARINES SUR – An educator and training provider, Director Felisa M. Palencia has been instrumental in the training and education of the cooperators in this Municipality. She has been a member of the Baao Parish Multi- Purpose Cooperative for Read More
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Kaya is the Way to Go!

In the UN Sustainable Development Goals 2030, there are two buzz words: “Leave No One Behind!” and a new one, “Reaching the Farthest Behind First”.
 
I think of the indigenous peoples in the rural areas.  In my village in Bukidnon Province, they send money down and pay as much as P200 to P250.  That is already the allowance of a student!
 
But if they use the Kaya Payment Platform (KPP), if they send P1,000, they pay only one peso.
 
The P250 is only for the transportation.  The rural areas are the best places where the KPP can be used.
 
Let’s not generalize that there is no internet in rural areas.  My village 56 kilometers from town, there is connectivity.  Of course, there are still many areas without internet.  Your members can then go the Municipal Hall, connect to the internet, and begin to transact.  
Kaya is an acronym for “Kooperatibang May Asenso, Yaman at Abilidad" (Cooperative that is Dynamic, Rich and Capable).  In Visayan, it is Kooperatiba: Atong Yawi sa Pag-asenso (Co-operatives: Our Partner in Development).
 
KPP is a shared platform  with Association of Asian Confederation of Credit Unions (ACCU) and Philippine Federation of Credit Cooperatives (PFCCO). Our tech partners are Temenos and Software Group –  giants in the digital finance sector.  Why did we get them?  Because we need partners with good reputation.
 
At a recent meeting when Bangko Sentral ng Pilipinas officials learned we partnered with Temenos and Software Group, the immediate question was: “How did you afford them?”
 
Recent visitors from Colombia asked the same question.
 
We can afford Temenos and Software Group because we are a network of 840 co-ops, plus PFCCO.
 
We have to work with ACCU and PFCCO just to make KPP possible and feasible.  And we really need to because if we will join the National Retail Payment System (NRPS) of the BSP, they will ignore us if we don’t have good partners.  
 
Temenos has created software for banking and finance for more than 25 years. 
 
41 of the top 50 banks, rely on Temenos to process daily transactions of 500 million banking customers.
 
Our second partner is Software Group based in Bulgaria, a global technology company that helps financial service providers digitize their business, extend their outreach and improve operational efficiency.  Software Group operates from 9 main offices around the world. 
 
Our partners are heavyweights!
 
With KPP, the dream of co-ops to serve members “Anytime, Anywhere” is realized.  And you can serve members “Anyhow” since transactions can be performed over-the-counter, thru mobile phones, and – very soon – thru ATMs and POS.  
 
We are now looking into using mobile to borrow money. You can borrow money anywhere, even on Facebook!
 
We should be scared that 66% of Filipinos intend to use mobile transactions.  They are ready.  Is your co-op ready?  If not, they will go somewhere else.  Once people get used to the convenience provided by a new technology, there is no turning back.
 
If people want digital transactions and we don’t have a ready infrastructure to meet their needs, you should be scared!  But there is nothing to fear because we offer Kaya Payment Platform!
 
The next phase is remittance.  Filipinos are the world number three remitters and co-ops should be relevant to remitters.
On Agency Banking, that means that outside of the co-ops  you can identify your merchants, and we will integrate it into our core banking system as well.
 
The BSP is very clear on its Financial Inclusion agenda.  BSP will soon abolish “dormancy” of savings accounts and there will be no more “maintaining balance” required.  Who’s going to get hit?  The BSP clearly wants the poor to have access to formal financial services from whoever will provide it.  And if the people can get it from banks . . .  where does that leave us?
The National Retail Payment System for digital, cashless, online transactions is not clear about the participation of co-ops, but we are lobbying for co-ops to be included in the BSP Financial Inclusion agenda.
 
This is scary.  But again, we are engaging the CDA and the BSP in the participation of co-ops in the NRPS.
 
Co-ops are sleeping giants.   We have almost 2,000 branches in our NATCCO Network.  If only we could be inter-connected, we would be a formidable force in the financial system.
 
This is all potential.  We have only started to tap or awaken that potential.  
 
Some say our members do not have smart phones.  These members can perform over-the-counter transactions initially.
In Cagayan de Oro City, you can pay your power, water,and cable bills using Kaya Payment Platform.  There is a convenience fee of P5.00 for each transaction.  Your co-op gets a commission of P1.50.  If you have 10,000 members . . . just do some arithmetic and you have an idea on the monthly revenue potential of the Kaya Payment Platform for your co-op.
 
There are currently 50 co-ops using the KPP.  
 
The BSP is dead serious about digital payments.  In their canteen, BSP employees’ purchases are cashless.  In NATCCO, employees’ communication allowances are given thru Kaya.
 
We facilitate biller enrollment with ECPay.  We met with the Association of Mindanao Electric Co-ops – CEPALCO in Cagayan de Oro, Davao del Sur, Davao del Norte, and Surigao del Sur accept payments thru ECPay.  Surigao del Norte will eventually be in ECPay as well.  
 
It was said in 2015, three years ago:  “For the banks, it is fair to say that getting digital banking right is a do-or-die challenge.  It is high time for financial institutions to take their stance in the digital financial services ecosystem before others take theirs.”
 
 If you don’t do it, you will die!
 
We must really force the transition towards digital payments.  How will it be done?
 
At the end of the day, it is leadership. The technology is here, we just need leadership to take it to the next level.  
 
Our members pay bills – telephone, electricity, cable, loans to the co-op, government transactions, buy plane tickets, and even transfer funds to other e-moneys like GCash, PayMaya.  
 
You can even open e-money accounts using Facebook Messenger.  That is already your signature!  That is what our competition is already doing!
 
GCash and PayMaya are in the malls.  Pawnshop are also everywhere.
 
We are not there – not yet.  At the going rate, they will slowly get our members.  But we have the KPP waiting to be implemented in co-ops.
 
Co-ops should be the place where members can do all their payments.  We envision co-ops to be part of the members everyday lives.
NATCCO is enabling you do digitize what used to be over-the-counter cash transactions.  It will be very convenient for your members. 
 

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NATCCO Network
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For more Information:
913.70.11-15 loc.310
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