{"id":2422,"date":"2021-10-24T12:26:22","date_gmt":"2021-10-24T09:26:22","guid":{"rendered":"https:\/\/www.ghafla.com\/sponsored\/?p=2422"},"modified":"2021-10-24T20:00:02","modified_gmt":"2021-10-24T17:00:02","slug":"what-are-the-online-banking-options-available-to-a-business-owner-in-kenya","status":"publish","type":"post","link":"https:\/\/www.ghafla.co.ke\/sponsored\/what-are-the-online-banking-options-available-to-a-business-owner-in-kenya\/","title":{"rendered":"What are the online banking options available to a business owner in Kenya?"},"content":{"rendered":"

A secure system that allows online payments for business is a major concern for discerning business owners.<\/p>\n

There’s pressing need to go cashless in the digital age, and on this front, Co-op Bank leads the pack.<\/p>\n

Co-op Bank has an innovative online banking platform that has won accolades across the banking spectrum for its reliability, security and versatility.<\/p>\n

A business does not need a website to enjoy benefits of online banking.<\/p>\n

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Online card payments<\/strong>
\nBoost your sales by integrating into our online card payment solution to receive card payments from customers from different banks and from anywhere in the world.<\/p>\n

These are Co-op Bank ATM\u2019s, Debit or Credit Cards. All payments for purchases or goods delivered can easily be checked off by swiping these cards.<\/p>\n

With card payments, it\u2019s easier to track stock levels, and enjoy an easy check out flow.<\/p>\n

PDQ\/POS<\/strong><\/p>\n

This is a device that refers to a payment terminal accessed by Visa cards to make electronic fund transfers. They are common in malls, supermarkets and fuel stations.<\/p>\n

POS stands for Point Of Sale in a business outlet. PDQ stands for \u2018Process Data Quickly\u2019.<\/p>\n

Co-op Bank avails PDQ\/POS machines to their clients. These machines greatly boost sales by enabling them receive card payments from customers from different banks.<\/p>\n

A trader enjoys timely reports, easier tracking of income and expenses.<\/p>\n

Lipa Na M-Pesa Till Number<\/strong><\/p>\n

Co-op Bank provides this service in partnership with Safaricom M-Pesa service. The bank offers to process a till number for their client\u2019s businesses, at no charge.<\/p>\n

This helps a business to receive cashless payments via Lipa na M-Pesa Till Number – usualy displayed at payment point at the business premises.<\/p>\n

The money clients pay through the Till number is deposited directly into the client\u2019s Co-op Bank account.<\/p>\n

The payments paid into the account can be accessed anytime via Co-op Bank\u2019s<\/a> mobile banking platform, ATMs, Co-op Kwa Jirani agents, Internet banking or at any branch across the republic.<\/p>\n

M-Pesa Paybill 400200<\/strong><\/p>\n

Co-op Bank’s official M-Pesa Paybill number – 400200 – enables a trader to receive payments directly into their Co-op Bank account.<\/p>\n

The money reflects into the account immediately. One can also check for the payment confirmation via mobile banking or internet banking platforms.<\/p>\n

Alternatively, one can receive notifications via text if they have subscribed to the MCo-op Cash SMS notifications.<\/p>\n

The funds are accessible anytime via the banks’s mobile banking platform, Co-op Kwa Jirani agents, ATMs, Internet banking or at the branch.<\/p>\n

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M-Coop Cash<\/strong><\/p>\n

This feature is not limited to business owners, but to everyone with a Co-op bank account. It\u2019s applicable to all needs that require exchange of money.<\/p>\n

Encourage colleagues, family members, clients or business associates who have Co-op Bank accounts to send money directly account using the MCo-op Cash App or via USSD *667#.<\/p>\n

How does a business boost sales?<\/strong><\/em><\/p>\n