The Co-operative bank of Kenya has revamped multiple electronic payments platforms to enable them to conveniently pay school fees to curb the spread of Covid-19 as schools reopen.
These include; MCo-op Cash, M-Pesa PayBill, Co-op Kwa Jirani and Co-op Visa Cards.
“These electronic payment solutions are not only convenient but also effectively saves time through real time transactions. We do not have to queue in banks with students especially such a time the Covid-19 pandemic is ravaging the whole world.” John Maina, a parent told The Informer.
Under the revised school calendar, parents are paying school fees for the third time in just seven months, with the government keen to recover the ‘lost year’ occasioned by the pandemic.
The full academic year will take 30 weeks instead of the usual 39 with terms and holidays shortened.
In schools that have integrated into this platform, it is easy and convenient for parents since when paying for school fees it is free.
Additionally, parents who do not have enough cash for school fees, they can easily access loans from MCo-op Cash with the lowest interest rate of only 1.16 per cent per month.
Parents and students can also use Mco-op cash to send school fees into a Co-op account or to a Sacco Account, which reflects into the account immediately.
Co-op Kwa Jirani Agents
Co-op kwa Jirani, which is an Agency-Banking service of the Co-operative Bank of Kenya, brings all the services you would require from the banking halls next to your doorstep. You do not need to go to a bank miles away to get banking services.
With Co-op kwa Jirani Agents all across the country, services are offered just the same way as the banks do.
Deposits and withdrawals are all done at any Co-op kwa Jirani agent and they operate even on Sundays and public holidays when bank branches have closed.
Co-op Visa Cards
With Co-op Visa Cards, parents are able to pay for school fees and shopping at no extra cost.
At this time, Co-op bank has ensured that parents pay directly without having to go and withdraw cash. Co-op Visa Cards save time and there are no extra charges when paying for goods and services.
Are you a Co-operative Bank of Kenya customer? Do you have a Co-op Visa card? Well, that card is your ticket to saving some transactional costs. For instance, did you know that paying for your products using Co-op Visa Card is absolutely free? There is no extra charge but you only pay the amount of the product or service purchased.
This is easily done by transferring Money from your MPESA account to the School’s Co-op Bank account using a designated paybill number 400222.
Enter the school’s code as the account number and add # then dial the student’s school admission number then enter the number of school fees to be paid and then enter your M-PESA pin, and confirm the transaction.