SUMMARY: The Harambee SACCO instant card-issue system is enabled by the Coop Bank Kenya.
NAIROBI — One of the leading Savings & Credit Cooperatives in Kenya, Harambee Sacco has today launched instant card-
issuance to members.
This means that members of Harambee Sacco can, from today 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, Coop Bank Kenya Agents or to shop at Visa-branded outlets and online
stores.
This instant card-issue system is
enabled by the Coop Bank Kenya. It
gives the Sacco the 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 upto two weeks to receive their Visa
debit cards.
Harambee Sacco is one of the largest
Saccos in Africa with over 70
thousand members, an asset base of
Ksh 30 Billion and runs 6 branches
spread across the country.
Speaking at the launch held at head
office of the Sacco – Harambee Sacco
House, the Chairman of Harambee
Sacco Mr. Macloud Malonza lauded
the partnership between Harambee
Sacco and Coop Bank Kenya that
enabled the new solution, which
will significantly boost convenience
for Sacco members saying; “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.”
Speaking at the same function, the Director of Co-operatives Banking at
Co-op Bank, Vincent Marangu said; “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. This instant card issuing solution will be rolled out to all Saccos that are providing Visa Debit cards to members through the Bank.”
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.
