Co-operative Bank of Kenya, in partnership with Visa, has launched a debit card, and credit card, and a pre-paid business card designed to transform how medium and small business enterprises, cooperative societies, and corporate institutions in Kenya.
This new programme will help MSMEs manage their expenses, empower employees, and optimise financial control.
The cards, which can be used both locally and internationally, enable customers to separate business expenses from personal expenses and make payments directly from their business accounts.
Using the card will also grant one access to interest-free credit to manage cash flow and digitise and track office and travel expenses while enjoying business-centric discounts from selected Visa merchants globally.
Pictures of Co-operative Bank’s credit and debit cards.
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Co-op Bank
The cards are available to existing Co-op Bank customers and non-customers and can be obtained from any Co-op Bank branch countrywide.
In delivering his keynote speech at the event, Co-op Bank’s Ag. Director of Retail Banking, Moses Gitau, noted that this event marks a major milestone in Co-op Bank’s digital transformation journey, in which the bank has invested heavily, including the successful upgrade of its core banking system in 2023 at a cost of over Ksh5 billion, to drive innovation and support businesses in their digitisation efforts by bringing together the best in banking and technology.
Visa East Africa’s Vice President and General Manager remarked, “This launch marks a significant milestone in our partnership with Co-op Bank and our ongoing efforts to support small and medium-sized enterprises (SMEs) and commercial enterprises in their journey towards digital transformation.”
Adding, “Digital payments are not just convenient; they are a catalyst for business growth and economic development. In today’s fast-paced digital world, businesses need to adapt to stay competitive, and digital payments play a crucial role in this transformation.”
Recently, the Bank has received several awards, including the highest IT accolade in the banking sector at this year’s CIO100 Awards, which celebrate innovation, leadership, and excellence of organisations that have made a tangible impact on business operations, community development, and digital transformation across the African continent.
Co-op Bank Group Managing Director and CEO, Dr. Gideon Muriuki.
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Co-op Bank