Co-op Bank has today unveiled its Visa Business Cards in Kenya. The cards are targeting Medium and Small Business Enterprises, Cooperative Societies and Corporate Institutions. Co-op Bank will have three different cards, Debit Card, a Credit Card and a Pre-paid Business Cards.
The Co-op Visa business cards can be used both locally and internationally. They allow customers to separate business expenses from personal expenses, make payments directly from their business account, access interest-free credit to manage cash flow, digitize and track office and travel expenses.
These cards are available to current Co-op Bank customers as well as non-customers and can be obtained from any Co-op Bank branch countrywide.
Key Features of the Co-op Bank Visa Business Cards
Business Debit Card
- Enables businesses to make payments directly from their accounts.
- Provides tools to track and manage expenses.
- Allows management to allocate spending limits to individual accounts.
Business Credit Card
- Offers flexibility for employees to purchase goods and services.
- Facilitates cash flow management with benefits tailored to businesses.
- Businesses can set overall credit limits and allocate sub-limits for employees or departments.
Business Prepaid Card
- Allows businesses to pre-load funds for controlled spending.
- Empowers employees to make necessary purchases without handling cash.
Also Read: Visa Fintech Accelerator’s Second Cohort Concludes With Demo Day in South Africa
Speaking during the launch, Co-op Bank’s Ag. Director of Retail Banking Mr. Moses Gitau said the launch of these cards marks a major milestone in the bank’s digital transformation journey. The bank has heavily invested in this in this journey and spent Ksh 5 billion to upgrad its core banking system back in 2023.
This morning, the @Coopbankenya has launched its Visa Business cards in Kenya.
— Tech Arena (@TechArena_KE) December 10, 2024
They include:
✅Business Debit Cards
✅Business Credit Cards
✅Business Prepaid Cards@VisaCEMEA pic.twitter.com/i4qQfUQmaP
Visa East Africa Vice President and General Manager emphasized the importance of this partnership saying, “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.”
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