Co-operative Bank of Kenya has partnered with fintech pioneer and digital money transfer company WorldRemit to enable digital money transfers to over six million Co-operative Bank accounts and 150 new cash pickup locations in the East African country.
Using the WorldRemit app or website, the Kenyan diaspora community living in over 50 countries can now send money directly to their loved ones’ personal Co-op Bank accounts in over 150 branches.
The transfers can be made directly from the senders’ mobile phones, and the receiver can withdraw the funds from a nearby Co-op Bank agent, ATM or branch.
Arthur Muchangi, director, Retail Banking at Co-operative Bank of Kenya, said: “As a bank that handles some of the largest volumes of remittances to Kenya, Co-op Bank will continue to invest in partnerships that provide Kenyans in the Diaspora with the most affordable and secure means of transferring their funds home for domestic support, savings and investment. Co-operative Bank has a dedicated Diaspora Banking Center that is available 24/7 to serve diaspora clients irrespective of time zones, the first of its kind in Kenya.”
Sharon Kinyanjui, head, East and Central Africa, WorldRemit commented: “Kenyans around the world make WorldRemit their top choice when it comes to sending money home. We are delighted to partner with Co-operative Bank of Kenya, a trusted household name with strong ties to the diaspora and a shared commitment to financial inclusion, to further expand our network in the country and make our convenient service accessible to all.”
WorldRemit saves customers time and money, enabling them to send funds home in a few taps from their phones without having to visit a bricks and mortar agent. Customers sending to Kenya can choose from a variety of convenient pay-out options including bank transfer, cash pickup, mobile money and mobile airtime top up.
Over three million Kenyans live abroad, with top senders to the country including the United Kingdom, the United States and Australia.