Co-op awards Margaret Mungai as Pesalink champion in pay and win campaign

Cooperative Bank of Kenya has awarded Margaret Mungai as the shining star of their ongoing Pay and Win promotion, for her outstanding usage of Pesalink – the revolutionary payment platform.

Taking to their social media pages, Cooperative bank hailed Margret and detailed how to access the Pesalink.

“Congratulations to Margaret Mungai for being our Pesalink winner in the current Pay and Win promotion, ”they posted.

They added, “You can access Pesalink through Mco-opCash App, Internet Banking or *667#”

With Pesalink, Co-op Bank customers can seamlessly transfer funds from their accounts to any local bank account instantly, ranging from a mere Ksh 10 to a substantial Ksh 200,000.

By providing a swift, secure, and user-friendly platform, Cooperative Bank has taken significant strides in delivering top-notch banking services.

Co-operative Bank recently secured 13.8 billion ($100m) from a consortium of financial institutions to facilitate on-lending to Micro, Small and Medium-sized Enterprises (MSMEs) in Kenya.

Co-operative Bank Group Chief Executive Officer Dr. Gideon Muriuki said the facility provided by the group led by DEG and has been fully disbursed is a significant support to the bank especially as the bank embarks on digitization with the recent transition to a new, robust core banking system.

“The funding by DEG and the Consortium is most timely in view of the great need to better support our business customers. In addition, the long-term tenure of the facility has significantly boosted the bank’s ability to offer solutions that are better structured to fulfil the long-term financing needs of MSMEs,” said Muriuki.

The consortium included The Africa Agriculture and Trade Investment Fund (AATIF), Micro Small Medium Enterprises Bonds (MSMEB) and European Development Finance Institutions comprising Finnfund, Norfund and the co-financing facility European Financing Partners (EFP).