Co-ops AfricaCo-op Pay
Rate board
SHARE-CAPSavings9.50%p.a. dividendGROUP-SAVESavings11.25%p.a. dividendFIXED-12Savings12.75%p.a. dividendFIXED-24Savings13.40%p.a. dividendPURSE-USDAccounts3.50%p.a. earnedPURSE-ZIGAccounts6.00%p.a. earnedINPUT-CREDITCredit16.50%p.a. on creditSTORE-ORDERCredit18.00%p.a. on creditEQUIP-FINAsset finance14.25%p.a. on creditSOLAR-FINAsset finance13.75%p.a. on creditSHARE-CAPSavings9.50%p.a. dividendGROUP-SAVESavings11.25%p.a. dividendFIXED-12Savings12.75%p.a. dividendFIXED-24Savings13.40%p.a. dividendPURSE-USDAccounts3.50%p.a. earnedPURSE-ZIGAccounts6.00%p.a. earnedINPUT-CREDITCredit16.50%p.a. on creditSTORE-ORDERCredit18.00%p.a. on creditEQUIP-FINAsset finance14.25%p.a. on creditSOLAR-FINAsset finance13.75%p.a. on credit

Member Accounts

Daily banking and wallet purses

A transactional account for every cooperator: a 6-digit purse number, multi-currency balances, wallet top-ups and card settlement across the Co-op Store.

6-digit account number

Every member is issued a permanent 6-digit purse number used for deposits, Co-op Store settlement and peer transfers.

Multi-currency purses

Hold USD, ZiG and ZAR purses side by side, each with its own balance, statement and interest treatment.

Wallet integration

Purse balances connect directly to the Co-op Pay wallet for top-ups, transfers and merchant payments.

Your member purse

000123

USD purse

$0.00

Opens with membership

ZiG purse

ZiG 0.00

Opens with membership

ZAR purse

R 0.00

Opens with membership

Transactional account products

Accounts

Member Daily Purse (USD)

PURSE-USD · USD

3.50%

p.a. earned

The member's everyday transactional purse in United States dollars, opened with a permanent 6-digit account number.

Opening balance
$5.00 minimum
Member return
p.a. earned
  • 6-digit account number issued on approval
  • No monthly account fee
  • Statement issued monthly in the member portal

Any verified cooperator with a completed KYC record

Accounts

Member Daily Purse (ZiG)

PURSE-ZIG · ZiG

6.00%

p.a. earned

Local currency transaction purse for members who trade, buy inputs and settle store orders in ZiG.

Opening balance
ZiG 50.00 minimum
Member return
p.a. earned
  • ZiG balance held alongside the USD purse
  • Card and USSD access
  • Instant transfer to other member purses

Registered cooperators and their trading members

Card & POS services
  • Digital Co-op Pay card for online Co-op Store checkout
  • Physical card issuance for POS and merchant settlement
  • Merchant settlement into the member purse, net of platform fees
  • Card controls and spending limits managed from the member portal

Purse rules at a glance

Account number format
6 digits, issued once and permanent
Currencies supported
USD, ZiG, ZAR
Statement cycle
Monthly, viewable in the member portal
Dormancy
12 months of inactivity returns the purse to dormant
Peer transfers
Between member purses via P2P transfer