The Co-operative Bank of Kenya has been at the forefront in ensuring the lives of Kenyans, including its customers are cushioned against the adverse effects of Covid-19.
Since the announcement of the first Covid-19 case in Kenya, Co-op Bank has been, advocating for cashless transactions among Kenyans and its customers through various platforms mobile money platforms.
For more than two months now, Co-op Bank has been urging Kenyans to maintain high levels of hygiene including washing of hands using water and soap, as well as embracing the use of a sanitizer.
A Time For Businesses To Go Cashless With Co-op
There have been calls from the government and other players in the fight against Covid-19 to embrace cashless transactions. Many Kenyans have adhered to the call. There has been little call to businesses to embrace the cashless mode of transaction.
Truth is, if we want to revolutionize the society from dealing with hard currency to dealing with cashless, then businesses must and should be involved. Given that Kenyans are always buying a product or a service every minute, businesses are a key driver towards the realization of a fully cashless economy.
The Co-operative Bank of Kenya has put in place various avenues to enable businesses in Kenya to embrace the cashless mode of transaction as they deal with their customers.
The lender has an E-commerce solution that enables a business owner to receive card-payment online. The solution is convenient and simplified to meet the needs of an entrepreneur while at the same time ensure that they are not disadvantaged while conducting their business.
The Bank has invested heavily in these solutions to guarantee merchants and their customers’ safety and quick flow of payments from their customers end into the merchant’s bank account.
Here are the advantages of using Co-op Bank’s E-Commerce Solution as a Business owner
Convenience to customers consequently increase in sales –Customers can transact at any time from any location in the world. The world is now going cashless and so are the businesses.
Outstanding real-time processing speed with average authorization response times typically below 2 seconds. This ensures that there are no delays when a customer is making the payment.
Multiple card types, international VISA credit and debit cards, pre-paid cards
Multiple currencies – Kes, USD, GBP and Euro
Unparalleled processing scalability and security
Exceptional service reliability backed by 24×7 operations support
Support for additional fraud prevention solutions
Ease of integration
Real-time reporting
With the E-commerce solution from Co-operative Bank, a business owner can still receive payment from other cardholders of other banks.
Other cashless solutions offered by Co-op bank to business owners include;
Lipa Na M-Pesa – The bank will assist you to get a till number and payments will be deposited directly into your Co-op bank account
POS/PDQ terminals – customers do not need to handle cash, they can use their cards to make payments, and money is deposited directly into the merchant’s account
MCo-op Cash- Co-op bank customers with the mobile banking solution can transfer money directly their Co-op account into the merchants account using the USSD *667# or via the MCo-op Cash app
Lipa Na M-Pesa Paybill number 400200 – customers can send money directly into the merchant’s Co-op bank account using the M-Pesa pay bill 400200.
It is a time to go cashless and Co-op bank does not want you to be left behind. Join the E-commerce solution today and you will love it.
To learn more, visit the Co-op Bank Kenya website.
READ: How to link Your Co-operative Bank Accounts To PesaLink