Co-operative Bank of Kenya has partnered with international payment provider Thunes to facilitate cross-border payments.
The new service is called Co-opRemit.
“We are delighted to support Co-operative Bank of Kenya in their drive to increase and improve cross-border payment options for their customers,” Thunes CEO Peter De Caluwe said in a statement.
De Caluwe said the company will help grow the bank’s offerings with accessible, dependable and live payments throughout the globe, while helping the small- to medium-sized business (SMB) landscape in Africa.
Co-opRemit simplifies live money transfers, especially in Africa, letting the financial institution’s clients in Kenya expediently move funds throughout the globe at a cost-effective price, according to the announcement.
“With Co-opRemit [SMBs], who are one of our key customer segments, can now look forward to a more efficient trading experience with seamless international payments at affordable rates,” said Co-operative Bank of Kenya Director of Retail & Business Banking William Ndumia.
Co-opRemit users will be able to harness the new money transfer offering from channels beginning with any of the bank’s more than 150 locations throughout the nation, with online and mobile banking to come.
Co-operative Bank of Kenya works with 8.8 million clients such as co-operative societies, non-governmental organizations (NGOs), government, institutions, corporations, micro businesses, SMBs and consumers, according to the announcement.