The National Confederation of Cooperatives (NATCCO-Philippines) is now working to offer e-signature solutions thanks to a landmark two-year contract with blockchain-powered digital identity and digital signature platform Twala.

NATCCO signed a two-year subscription with Twala to utilize its document automation solutions, further enhancing its member services. This makes NATCCO the exclusive distributor of Twala’s advanced products and services to its member cooperatives across the Philippines. 

Moreover, this collaboration enables financial cooperatives to modernize their operations and improve member services using innovative digital solutions.

“This alliance brings together the expertise of NATCCO and the innovation of Twala to empower cooperatives with the tools they need to excel in today’s digital age,” said NATCCO Chief Executive Officer Engr. Sylvia Paraguya.

The agreement also advances Twala’s mission to help unlock millions of dollars currently tied to inefficient paper-based processes.

Twala Co-Founder and General Counsel Atty. Herminio “Third” Bagro shared the legal framework surrounding electronic and digital signatures in the country and how these can reshape cooperative operations and promote their growth.

“The Philippines has sufficient legal and administrative rules and issuances that recognize electronic and digital signatures as equivalent to wet signatures,” Atty. Bagro said.

The agreement comes less than a year after Twala collaborated with the Supreme Court of the Philippines to provide inputs for their ongoing work to draft rules to allow electronic notarization in the country.

NATCCO is a member of the Asian Confederation of Credit Unions (ACCU), an Associate Member of WOCCU that represents national credit union and cooperative associations in 19 countries across Asia.