- Members of Harambee Sacco can now apply for and instantly receive a Visa Debit card and immediately start using the card to transact
- The instant card-issue system is enabled by the Co-operative Bank and it gives the Sacco capability to print Visa Debit Cards right at the branch
- This is a first for Saccos and a huge change from the current practice where members have to wait for up to two weeks to receive their Visa debit cards
- Instant issuing of cards is consistent with government guidelines intended to minimise the use of cash in favour of cashless to stem spreading COVID-19
One of the leading Savings and Credit Co-operatives in Kenya, Harambee Sacco on Wednesday. June 24, launched instant card-issuance to members.
This means that members of Harambee Sacco can apply for and instantly receive a Visa Debit card and immediately start using the card to transact in the usual way at any Visa-branded outlet including ATMs, Co-op Bank Agents or to shop at Visa-branded outlets and online stores.
READ ALSO: CBK extends zero transaction fees for mobile money transfers below KSh 1000 to December
Chairman Harambee Sacco Macloud Malonza (l) displays first debit card printed as Director Cooperatives Banking at Co-op Bank (c) and Cooperatives PS Ali Noor Ismail (r) look on. Photo: Coop Bank.
Source: UGC
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The instant card-issue system is enabled by the Co-operative Bank. It gives the Sacco capability to print Visa Debit Cards right at the branch, at that very moment a customer applies for a card.
This is a first for Saccos and a huge change from the current practice where members have to wait for up to two weeks to receive their Visa debit cards.
READ ALSO: Gov't must make public list of SGR deal beneficiaries - Johnstone Muthama
Harambee Sacco is one of the largest Saccos in Africa with over 70 thousand members, an asset base of KSh 30 billion and runs six branches spread across the country.
Speaking at the launch held at the head office of the Sacco - Harambee Sacco House, the Chairman of Harambee Sacco Macloud Malonza lauded the partnership between Harambee Sacco and Co-operative Bank that enabled the new solution, which will significantly boost convenience for Sacco members.
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“The launch of this instant card issuance is timely, indeed overdue, as it will greatly enhance convenience for our members who from today no longer have to wait for weeks before they receive their cards.
Furthermore, this instant issuing of cards is consistent with government guidelines intended to minimise the use of cash in favour of cashless transactions in an effort to reduce the risk of spreading COVID-19. As a Sacco, we invite our members who do not as yet have debit cards to visit our branches and apply," said Malonza,
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From left, Kevin Mungere of Harambee Sacco demonstrates how instant printing of Sacco debit cards is done as Macloud Malonza, Vincent Marangu and Ali Noor Ismail look on. Photo: Coop Bank.
Source: UGC
Ali Noor Ismail is Principal Secretary, State Department for Cooperatives.
Speaking at the same function, the Director of Co-operatives Banking at Co-op Bank, Vincent Marangu said the instant card issuing solution will be rolled out to all Saccos that are providing Visa Debit cards to members through the bank.
“This launch is the latest among various digital banking solutions provided by the bank to enhance the efficiency of Co-operative Societies for the benefit of their members and prosperity of the Co-operative Movement at large," stated Marangu.
With the roll-out of instant card issuance, Co-op Bank will extend this service to millions of Kenyans through the regulated Saccos in Kenya.
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