Tag: Coop Bank APIs

The easy steps to self-register and enjoy banking services on the New Co-op Internet Banking Service

Posted on by Kibaki Muthamia

The New Co-op Internet Banking Service enables individual customers, business owners, corporate companies and institutions to carry out various transactions and monitor their bank accounts through the internet.

These are some of the services one can easily access from the comfort of your home, via a mobile phone or computer:

Transfer cash to another Co-op account in real time.

Start, stop or amend standing orders in real time.

Transfer cash to a foreign bank account in foreign currency.

Transfer cash to another local bank account in 1 working day.

View, download or print account statements for all your Co-op Bank Accounts.

Make bulk payments, for example, salaries, dividends, loan disbursements, bonuses and supplier payments.

Order cheque books and stop cheque’s.

Pay utility bills, for example, KPLC, DStv, and Nairobi Water.

It’s not rocket science joining up with the New Co-op Internet Banking Service.

For existing Co-op Bank clients, all they need is a completed application form, and a completed token collection form.

With non-Co-op Bank customers, to include businesses, corporate companies and institutions, they’d need:

Completed application form

Completed token collection form

Certificate of Incorporation

Memorandum & Articles of Association

National ID/Passport copies of the company’s directors

Once the application has been approved, a user ID and password are automatically generated by the Co-op Net system and sent to your email address. In case one opts to keep generating a second password using a token, one collects it once the application has been approved.

This is available at a small fee.

The New Co-op Internet Banking is very convenient, secure and fast.

To self-register on your mobile or home computer, click here, to start.

How the modern kid’s indifference to the one-shilling coin shows the gradual shift to a cashless money future

Posted on by Kibaki Muthamia

Over the years, a lot has changed in how we live as human beings. It’s gradual, and almost unnoticeable but makes for a credible thesis in the growth and development of the species. Hello, evolution is real – and it’s happening under our noses.

In the pre-times, man has achieved the upright posture. The process of evolution in that regard has achieved its purpose. The front that’s developing is the intellectual part, and huge leaps have been achieved.

Take the average kid, perhaps 3 or 4 years old.

The average modern 4-yr-old has mental faculties developed much more than his contemporary from two decades back. He speaks more – better learning abilities. He achieves physical milestones faster and grasps contexts better.

The concept of money, for instance.

The coin would be a huge treat for a kid a decade back, but it’s no longer acceptable. Nowadays, the one-shilling coin is best used as a plaything. They’ve learnt that as an entity it’s almost valueless. While the one-shilling-coin may be useful as a teaching aid in the concepts of finance and money saving culture, kids have grown quite indifferent to it.

As a teaching aid, yes.

An average modern teen in upper elementary school has an advanced vocabulary quota. On the coin issue, for instance, if such a poser came up in an essay – easily name out the sides of a coin.

What are the names of the three sides of a coin?

According to Wikipedia:

“Traditionally, the side of a coin carrying a bust of a monarch or other authority, or a national emblem, is called the obverse, or colloquially, heads. The other side is called the reverse, or colloquially, tails.”

To be fair, though, obverse and its opposite, reverse, refers to much more than the two flat faces of a coin. It also refers to some other two-sided objects like paper money, flags, seals, medals, drawings, old master prints and other works of art, and printed fabrics.

This generational change has largely been influenced by a digital switch which has seen most societal basics slowly shunning the traditional ways. The commerce and industry facets have changed and improved for the better.

Cashless money is now acceptable and subtly encouraged in the onset of the financially-crippling global pandemic, Covid-19. The tangible aspect of trading in cash has been found to be a medium of transmission.

In the dynamic banking industry, players have revolutionized their systems for a more inclusive digital mode of doing business.

Closer home, Co-op Bank has led the banking sector with a revamped, state-of-the-art digital banking platform that not only guarantees data security in business transactions, but also convenient and user friendly.

The New Co-op Internet Banking allows clients to access their Coop Bank accounts from the comfort of their houses for most everyday banking needs. Cash transfers between account in the same bank, or to other banks has never been easier.

Besides, the New Co-op Internet Banking also allows fast payments for utilities like power, water and cable TV bills.

All Co-op Bank clients easily self-register on their mobile devices. Click here for easy steps to self-register.

Alternatively, get to visit the nearest Coop Bank branch for ready assistance to join the digital banking platform.

Stay safe. Go digital.

 

Finally, there is an exciting offer getting Kenyan men thrilled over household shopping!

Posted on by Kibaki Muthamia

Therapy doesn’t have a handbook.

To handle stress and depressing situations, many people find their peace in different things. A lot of people want to travel to new places, meet new places. A road trip is very therapeutic – there’s magic in the open road. If lucky, an open-top roadster is a blessing.

A famous global poet admitted to spending lone time at a remote waterfall. The sheet of water endlessly falling down the cliff to end in white foam and mist on the rocks below soothes the soul.

For other souls, hiking over difficult, remote trails works magic. A fair amount of bird watching along the route adds to the allure. Perhaps, it’s the smell of the woods, or the addictive testosterone as body limits are pushed to the extreme.

In some of these cases, being in an area without cellular network coverage is the secret. In the normal daily hustle and bustle, the gadgets never stop ringing. So many people to talk to, so many deals to close, so many deadlines to meet – its sheer heaven to get away from the madness once in a while.

It’s a chance to recharge the soul’s batteries.

On the domestic front, shopping comes as an easy option – it’s very therapeutic. The ladies love to shop. Most Kenyan ladies will go nuts with a good shopping spree. Needless to say, lots of emotional baggage is left behind in malls and arcade aisles. Its nature, perhaps.

Universally, however, men have never been taken in by shopping. It’s a necessary evil, an insufferable feat. A lot of men will gladly pass the monthly shopping chore to their spouses for a quiet drink and easy banter at the neighborhood barbershop.

This month, though, there’s a deal that has got Kenyan men visibly excited about household shopping. Granted, there are numerous comical scenes of a willing dad, trying to pick a brand of detergent from a couple of brands, but, still…..

This deal that’s changing the perception is The Angukia Discount Promotion in collaboration with Naivas Supermarket.

Shopping online from Naivas Supermarket has its perks.

When a Co-op Bank client shops online on Naivas and pays with the Co-op Visa Card, the client enjoys a refund on the delivery fee for all purchases worth above Ksh.1, 000.00. This Delivery Fee Refund is automatically deposited in the client’s Naivas E-wallet within 24 hours to be used in the next purchase.

The Angukia Discount Promo runs from 24th July – 18th September, 2020.

This online shopping deal has changed the hassle that has menfolk avoiding household shopping like the plague.

What’s more?

Co-op Bank clients can easily track their money from the comfort of their homes, through the New Co-op Internet Banking platform. A client can pay shopping and utility bills like KPLC, Water Bills, etc. It’s also easy, fast and secure to transfer cash between accounts within the banks, or other banks.

It’s easy to self-register on New Co-op Internet Banking, click here. Or, visit the nearest Co-op Bank branch for assistance from the banking staff.

All you need to know about Co-op Bank’s APIs and its impact in customer service delivery

Posted on by Kibaki Muthamia

Co-op Bank has invigorated its API platform. This is a vital cue in promoting partnerships and innovation and building disruptive business models and platforms to deliver seamless customer experience.

Co-op APIs are here to boost small business owners, fin-tech’s or techie’s to grow their businesses and improve overall customer experience.

But, then, are we really conversant with API’s?

What is an API?

A simple definition says it’s an application program interface (API).

It is a code that allows two software programs to communicate with each other.

An API defines the correct way for a developer to request services from an operating system (OS) or other application and expose data within different contexts and across multiple channels.

An Open API is also known as a public API are published on the internet and allows the owner of a network-accessible service to give universal access to customers.

Exposing data with an API can improve the customer experience because it provides greater functionality and scope of services within a single application or other digital property.

Co-op Bank offers simple APIs – aptly tagged ‘restful’ – that allows clients to quickly integrate and manage payments on web or mobile application. This is inspired by a belief in the creation of technologies that support innovation and in the creation of systems that have a positive impact on the lives of the people in the society.

The bank has in place a continuous innovation plan to open up the banking space using the latest and thoroughly tested technologies.

Co-op Bank APIs fall into two categories – transactional and account information services.

The Transactional APIs which involve:

Send money from a Co-op Bank account to an M-Pesa wallet.

Pesalink send to account – Enables clients to use Pesalink to send money from a Co-op Bank account to another bank account in a different bank.

Internal Funds Transfer – Enables clients to transfer funds from a Co-op Bank account to another Co-op Bank account.

Instant Notification Service – Sends real-time notifications to a customer’s accounting system of any activities in the respective customer’s account, like debits or credits.

The Account Information Services APIs have these functions:

Account Status Inquiry – This allows a client access the account balance around the clock.

The balances may be in various forms:

Cleared Balance

Booked Balance

Blocked Balance

Available Balance

Arrears Amount

Un-Cleared Balance

Overdraft limit

Co-op Bank open APIs eases up tedious programming tasks to enable clients focus on their core tasks and responsibilities.

To learn more about Coop Bank API’s, click here or visit the nearest branch.

Co-op Bank opens APIs in a bid to promote partnerships and innovation among corporates, Sacco’s and SMEs

Posted on by Kibaki Muthamia

Co-operative bank has opened its APIs to help promote partnerships and innovation & build disruptive business models and platforms that deliver a seamless customer experience.

An application program interface (API) is code that allows two software programs to communicate with each other. An API defines the correct way for a developer to request services from an operating system (OS) or other application and expose data within different contexts and across multiple channels. An Open API also known as a public API are published on the internet and allows the owner of a network- accessible service to give a universal access to customers.

APIs are simple and easy to use, and accessible from web or mobile application. They provide an easier and faster way of partnering with Fintechs. Besides being a safe and secure mode of transacting, APIs enable real time update of payment status to deliver a seamless customer experience.

The Bank believes in co-creation and innovation that enables people, businesses and the society to grow. It believes that innovative products and services that benefit their customers and the public in general are key to success.

With the Co-op APIs dubbed Co-opConnect, the Bank aims to publish as many banking services as possible enabling their Corporate and Sacco customers to add value to their mobile apps & web services.

There’s two categories – the account information services APIs and the transactional APIs.

The Transactional API’s feature the regular banking functions:

Internal Funds Transfer – transfer funds from a Co-op Bank account to another Co-op Bank account.

Pesalink send to account – this enables customers to use Pesalink while sending money from a Co-op Bank account to another bank account in a different bank.

Instant Notification Service – real time notifications to a customer’s accounting system of any activities in the respective customer’s account i.e debits and credits.

Send money from a Co-op Bank account to an M-Pesa wallet.

Account Information Service APIs

This category shows the account balance as at a given time. The balances have many variations:

Cleared, Booked, Blocked, Available, Un-cleared Balance and Arrears Amounts. Clients also use this feature to access their overdraft limits information.

Other features on the Account Information Service APIs include:

Account Transaction Inquiry – Shows the status of a specific transaction. For example was a cash deposit successful.

 Account Mini Statement – Shows the latest 10 transactions in your account.

Exchange Rate Enquiry – Show the days foreign exchange for all major world currencies e.g. USD, GBP, EUR, CAD etc. that are offered by Co-op Bank.

Account Validation – Confirms that a provided account (mostly from a third party) is a valid account number within the bank’s system.

Status Enquiry – shows status of a specific request for example if you send a Pesalink transaction on Open Banking the status enquiry API will provide an update whether the transaction has reached Co-op Bank and is been processed.

Before launching an innovation, Co-op Bank ensures that it weighs the business needs and the prevailing market situation versus the opportunity. This ensures that it meets the customer need and keeps up with the changing market trends.

Co-op API’s can be accessed by clicking on this link.