New global money transfer solution in Kenya

18 February 2021

Co-operative Bank of Kenya, financial institution in Kenya and the larger east Africa region, has partnered with Thunes, a cross-border payment provider, to launch an alternative global money transfer solution.

Called Co-opRemit, it streamlines the process of real-time money transfers, particularly within Africa, allowing Co-op Bank customers in Kenya to move funds across the world quickly at an affordable rate.

Customers may send money directly to a foreign bank account or mobile number. Thunes says money transfers through this platform will bear no extra charge beyond the tariff, thus offering full transparency on forex fees.

Thunes said that Co-op Bank will enhance its digital banking services and deliver a convenient and cost-effective money transfer experience to its customer base of over eight million.

Co-opRemit users will be able to access the service from a number of channels starting off with any of Co-op Bank’s branches across the country.