This archive report was first published on 24 June 2020.
On June 24, 2020, Harambee Sacco, in collaboration with Co-operative Bank, launched a groundbreaking instant card-issuance system, aimed at increasing easy and fast accessibility of cash for its members.
The innovative digital banking solution enables members to apply and instantly receive their Visa Debit Cards, allowing them to transact at ATMs, Co-op Bank agents, or shop at visa-branded outlets and online stores.
This new system is a significant game-changer for members, who previously had to wait up to two weeks to receive their Visa Debit Cards.
Speaking at the head office of the Sacco, Mr. Macloud Malonza, the chairman of Harambee Sacco, praised the partnership between the Sacco and the Co-operative Bank, highlighting its role in boosting convenience for Sacco members and aiding the fight against COVID-19.
"This instant issuing of cards is consistent with Government guidelines intended to minimize the use of cash in favor of cashless transactions in an effort to reduce the risk of spreading COVID-19," said Malonza.
Director of Co-operatives Banking at Co-op Bank, Vincent Marangu, also announced that the developments witnessed at Harambee Sacco will be extended to all other Saccos working with the bank.
"This instant card issuing solution will be rolled out to all Saccos that are providing Visa Debit cards to members through the Bank," guaranteed Marangu.
