Since time immemorial, Christmas has been the only holiday where people spend a lot of money throwing parties for their friends and family members and visiting various places for enjoyment.
While everyone has their Christmas traditions, the big deal here is always having fun. Gifts are bought, decorations are made everywhere, and families come together.
The Festive season is always a boost to businesses including hotels and restaurants due to the high spending among consumers.
With cashless payments being the new norm, financial institutions are day-by-day rolling out digital transaction channels, allowing consumers to carry out daily activities such as shopping seamlessly.
Leading this pack is the Co-operative Bank of Kenya. The lender, which is the second largest in profitability in Kenya has not only been implementing a growth and profitability strategy, but also  launching new products that are designed to meet the basic needs of Kenyans.
These products come with features that allow Kenyans to shop and carry out banking services anywhere across the country and use easily accessible channels such as their mobile phones.
Beatrice Soy wins the inaugural Dr. Peter Ndegwa and Friends Golf Tournament
A good example is the MCo-op Cash mobile app, a mobile banking product that allows customers to access banking services on an internet-enabled device.
Available on the Google Play Store or the App Store, the M-coop app not only allows customers to send money to Co-operative Bank accounts, M-Pesa, and other banks but also make payments such as  airtime, KPLC tokens, post-paid bills, Nairobi Water, school fees, rent, and more.
Similarly, if you are out shopping and you happen to run out of cash, this Coop app has you covered as it allows you to borrow advance funds that are processed and deposited into your account instantly.
Interestingly, if you have a salary account at Co-operative Bank, you will automatically be eligible to get advances of up to 150 percent of your net salary.
The icing on the cake is the low interest of just 1.16 percent that the loan cost you. According to Co-op Bank, you will not be charged any facilitation fees or hidden fees for any amount of loan you take through the MCo-op Cash.
Benefits of Using MCo-op Cash AppÂ
- Registration on MCo-op Cash App is instant and free of charge
- You can also transact straight from your phone
- Check your account balance instantly
- Get a statement with one tap of a button
- Buy, sell or transfer shares
- You can activate SMS alerts for debits and credits
MCo-op Cash App has enhanced security features. Every time you do a transaction, you’ll be sent an OTP (One Time Password) to verify that you are the one transacting.