Co-op Bank's Mco-opCash hit by technical glitches

Business
By Brian Ngugi | Jun 22, 2024

Co-operative Bank of Kenya (Co-op Bank) is experiencing technical difficulties with its mobile money service, Mco-opCash, the bank announced today evening.

In a statement posted on X, the tier one bank acknowledged the challenges and advised users to utilize alternative banking channels for their immediate financial needs. The nature of the technical glitches and the estimated time for restoration of service were not disclosed by the bank.

Mco-opCash is a widely used mobile banking platform in Kenya, allowing users to conduct various transactions such as money transfers, bill payments, and airtime purchases directly from their mobile phones.

"We are currently experiencing a slight technical challenge on the mco-opcash service. Our support team is working to have the issue resolved as soon as possible. Meanwhile, you can use the ATM card to transact or use (*667). Sorry for the inconvenience," read part of the statement.

The bank did not specify the cause of the technical problems or if other banking services were affected. The bank also did not provide details on how customers would be informed when the Mco-op cash service is restored.

This is a developing story. The Standard online will update this report when more information becomes available.

Share this story
Mwalimu Sacco taps NCBA to rev up salary processing
Teachers and members of Mwalimu Sacco are set to experience faster salary processing following the launch of "Salo Xpress," a digital payroll management solution powered by NCBA Bank.
Why firms are seeking spaces that drive impact, not just transactions
Kenya’s business events and Meetings, Incentives, Conferences and Exhibitions (MICE) industry is growing to match global standards, forming a major part of the country’s tourism sector.
Ruto calls for equal partnerships with wealthy nations, says era of aid is over
President William Ruto has declared that Africa will no longer engage with wealthy countries on terms of dependency, calling instead for partnerships built on sovereign equality and mutual benefit.
Report shows global energy transition slows as Kenya leads Africa gains
A new report has revealed that the global energy transition is becoming more fragmented as geopolitical risks rise.
Why the right car battery is no longer just about engine size
Modern vehicles now depend heavily on electronic systems that demand more power, more stability and more intelligence from a component many drivers still treat as basic.
.
RECOMMENDED NEWS