Home Business Co-op Bank eyes SMEs with global money transfer service

Co-op Bank eyes SMEs with global money transfer service

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Business Daily | by Patrick Alushula


Co-operative Bank of Kenya has launched a global money transfer solution that will allow customers to send up to Sh1 million daily to a mobile wallet or bank account outside Kenya.

The lender says that it has partnered with Thunes, a cross-border payment provider, to launch the solution dubbed Co-opRemit.

Among the targeted customers are micro, small, and medium enterprises, parents with children studying abroad and people with relatives seeking medical treatment abroad…

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