Kenyan startup Kopo Kopo has launched external bank transfers, giving their clients another option of withdrawing funds aside from through their Kopo Kopo account to a bank account or M-Pesa wallet. “It should now be easier for you to pay suppliers, landlords, utility providers – you name it! At your request, we’ll transfer the amount […]
Kenyan startup Kopo Kopo has launched external bank transfers, giving their clients another option of withdrawing funds aside from through their Kopo Kopo account to a bank account or M-Pesa wallet.
“It should now be easier for you to pay suppliers, landlords, utility providers – you name it! At your request, we’ll transfer the amount you choose to an external bank account via Electronic Funds Transfer (EFT),” said Kopo Kopo in a blogpost.
With this new option, funds will reflect in the recipient’s bank account in 1-2 business days, with an EFT payment via Kopo Kopo costing KSh200.
“In the coming weeks, we’ll add functionality so you can also transfer funds to an external M-Pesa account, which you will be able to use to pay casual labourers, manage petty cash, etc,” said Kopo Kopo.
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