Kopo Kopo Launches Money Transfer Services

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.

Originally published on Human IPO.

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