Digital Banking Kenya: It is said that every coin has two side. This year, the world and Kenya in particular has been hard hit by the ravages of the ongoing coronavirus pandemic. It has become harder to shop or even get a loan as most mobile lenders shut their lending options from April.
One of the radical measures that the government has been advocating is the hygiene protocols that include social distancing. Kenyans are encouraged to keep distance, avoid handling cash money, and crowded places. But with these protocols at play, how do you shop, bank and pay for your utility bills. If you are stuck and need quick cash, how do you access a soft and easy loan?
Well, some innovative lenders have come up with ways through which you can actually bank, send money, get a quick loan from the comfort of your home. A spot check on internet banking in Kenya shows that the Co-operative Bank is perhaps the leading lender with the most advanced, easy to use, and secure mobile and digital banking product. How so? Let us take a look at some of the features offered by the lender:
Internet banking
Co-op Bank’s Internet Banking is available to all customers of Co-operative Bank with access to a laptop or desk computer that has internet connection, a smartphone or tablet, or a smart TV that can take internet connection. The online service is also available to non-Cooperative Bank customers who are looking to make bulk payments. Whenever you log in, you will be required to enter two passwords. One password is the one you registered with, and the second is a one-time password that you receive through an SMS.
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Other additional features which you can use include:
1). Pay all your utility bills including Water, pay TV subscriptions, and Kenya Power bills.
2). Order for cheque books or stop cheques.
3). Pay suppliers.
4). Make huge and, or bulk payments. According to Co-op bank, this means that you can pay salaries, disburse loans, or dividends at the same time.
Banking apps
The MCo-op Cash is one of the finest applications that you can use from the comfort of your home. Some of the utility bills you can meet through this app include water bills, Kenya Power bills, DSTV and GoTv subscription, NHIF monthly payments, NSSF, and KRA. Additionally, you can also get a quick loan on this app during these tough times without physically going to the bank. This app will also allow you to send money from your bank account to your mobile phone at no extra cost. If you don’t have this app, you can simply dial *667# on your mobile phone.
Visa
If you don’t have these two banking channels, you can still keep the coronavirus scourge at bay by going cashless without incurring any extra charges. Using the Co-op Bank Visa cards, you can shop and pay for items at no extra or hidden costs.
