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.

  • 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.
  • 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.
  • Allows businesses to pre-load funds for controlled spending.
  • Empowers employees to make necessary purchases without handling cash.

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.

They include:

✅Business Debit Cards
✅Business Credit Cards
✅Business Prepaid Cards@VisaCEMEA pic.twitter.com/i4qQfUQmaP

— Tech Arena (@TechArena_KE) December 10, 2024

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.”