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Co-operative Bank Intergrates PesaLink Service into their Systems

BY Soko Directory Team · March 3, 2017 07:03 am

The Kenya Bankers Association (KBA) unveiled the PesaLink brand and kicked-off a phased roll-out of the digital payments platform that is expected to cut the cost of transactions and transform the way consumers interact with their banks.

PesaLink will for the first time enable customers to make payments between banks in real-time, around the clock, without having to go through intermediaries.

Co-operative Bank of Kenya (Co-op Bank) has integrated PesaLink into their system which will allow customers be in a position of transferring funds directly into their Co-op account from another local bank.

With PesaLink, one is able to transfer as little as 10 shillings up to 999,999 shillings at an extremely low cost of 0 to 152 shillings, depending on the amount being transferred. In addition to this, one is also able to make payments directly from their Co-op Bank accounts to any local bank account instantly from as little as 10 shillings up to 999,999 shillings.

When linking the Co-op Bank account, simply go to MCo-op Cash via *667# or one can as well use their MCo-op Cash app then select PESALINK and finally link your Co-op bank accounts to your mobile number. The linking process is easy and free of charge.

The convenience with linking Co-op bank accounts with PesaLink is that one will be able to have access services from all Co-op bank channels including Co-op kwa Jirani agents, ATM’s, mobile banking services (Mc-op Cash) and all Co-op Bank branches across the country.

How to link your Co-op Bank Account to PesaLink from a Co-op bank ATM

  1. Insert Co-op Bank Visa Card and input PIN
  2. Select ‘Other Transactions’
  3. Select ‘PESALINK’
  4. Select ‘link phone’
  5. Input the phone number to be linked.
  6. Confirm to make the account the primary account.
  7. You will receive a confirmation message
  8. Select the option of doing another transaction
  9. Select Primary Account Option on the upper right hand side of the screen.
  10. Input the phone number to be linked to the account
  11. Confirm that you wish to make that Account the Primary Account by clicking Okay button.
  12. You will then get a confirmation message on the screen that the linking was successful

How to link your Co-op Bank Account to PesaLink Via MCo-op Cash

  1. Go to MCo-op Cash app or dial *667# to access MCo-op Cash Ussd
  2. Select ‘PesaLink’ Menu
  3. Select ‘Link your phone’.
  4. Select the account number you want linked.
  5. Select ‘yes’ to make the account the primary account.
  6. A confirmation with details will be displayed on the phone.
  7. You will then receive an SMS confirmation of the linking

Co-op Bank customers are now able to have access of PesaLink services  24/7 as they can receive money into their Co-op Bank accounts at any time of the day.

Related: Busia County Banks Hope on Technology to Grow Revenue

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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