This archive report was first published on 18 June 2020.
Paying Bills in Kenya: Co-op Bank Eases the Burden ¶
June 18, 2020
Even in the midst of a global pandemic, paying utility bills remains a necessity. However, with the economic slowdown, it can be challenging to manage finances. Co-operative Bank's Internet Banking offers a solution to this problem by allowing users to easily pay their utility bills and schedule regular payments.
With Co-op Internet Banking, users can see how much they are spending on each bill payment, enabling them to align their financial decisions and priorities accordingly. This feature is particularly useful for individuals who need to stay connected, such as learners, business people, and workers in various sectors.
The platform also allows users to purchase airtime for their phones directly from the platform, ensuring they always stay connected. Additionally, users can purchase internet bundles through the all-in-one service, making it easier to manage their finances and avoid surprises.
Co-op Internet Banking also enables users to transfer money directly to M-PESA or any local bank account through PesaLink, eliminating the need to shift funds between bank and mobile money accounts. This feature saves users from extra fees that dent their pockets and allows them to remain in control of their finances.
Business owners can also benefit from this solution as it provides them with a continued observation of expenditure patterns, making it easier for them to make informed decisions. The platform offers users detailed information that allows them to seize control of their finances, helping them work on their dreams and aspirations.
