This archive report was first published on 27 August 2019.
The back-to-school season is just around the corner, and for many parents and guardians in Kenya, it's a time of anxiety and financial strain. With school fees, uniforms, and stationery to purchase, the expenses can be overwhelming.
However, Co-op Bank has come up with innovative solutions to help parents and guardians save and manage their expenses. One such solution is MCo-op Cash, an application that allows users to make financial transactions without incurring any charges when sending cash between MCo-op Cash accounts.
Parents can use MCo-op Cash to send pocket money to their children, making it a convenient and cost-effective option. Additionally, MCo-op Cash users can access up to KSh 200,000 as salary advance and KSh 500,000 as business loan.
Another solution offered by Co-op Bank is Co-op Cards, a universal method for making payments at any Visa accredited merchant. Co-op Cards can be in the form of a credit or debit card, which parents or guardians can use to pay school fees and shopping in supermarkets.
Business players can also use Co-op Cards to keep their money safe and only spend when necessary. The cards require security authentication before use, making them a secure option. Moreover, Co-op Cards do not levy any tax or deductions when swiped.
Co-op Bank's Kwa Jirani Agent service is another innovative solution that allows parents to pay school fees and send pocket money to their children. The service provides a slip as proof of payment and reflects immediately, making it a convenient option for parents.
For business people, Kwa Jirani Agents enable them to pay suppliers and safely bank their daily proceeds. The service is available at Co-op Bank branches, and any player in need of a till number for such purposes can visit a branch near them.
Lastly, Co-op Bank's M-collection services are highly recommended for organisations or institutions that collect money from clients or customers. The services include M-Karo for school fees, M-Bima for insurance schemes, M-Sacco for collecting money in Saccos, M-Sadaka for offerings and tithes in churches, and M-Chama for collecting contributions from chama members.
Any player in need of a till number for such purposes should visit a Co-op Bank Branch near them. Depositing cash in till numbers is cost-effective as it does not require a customer to travel to the firm, school, or organisation to make payments.
Sponsored
Source: Kenya Breaking News Today
