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

Membership

Join the members' own financial institution

Co-op Pay is owned by the members it serves. Membership is open to registered cooperators who complete verification and hold a share or savings position.

Eligibility

  • Registered member of a participating cooperative society
  • Completed cooperator KYC with a valid national identity document
  • Minimum share capital or savings balance for the tier you join at
  • No unresolved credit default with the cooperative or platform

Onboarding in four steps

  1. 1Join a cooperativeRegister as a cooperator, or join an existing society already on coops.africa.
  2. 2Complete KYCSubmit identity and proof of residence so the desk can verify you as a member.
  3. 3Open your purseYour 6-digit account number and multi-currency purses are issued on approval.
  4. 4Fund and transactTop up by gateway or bank deposit, then save, borrow and transact.

Member tiers

Access grows with the member's savings history and repayment record.

Member

Any registered cooperator with a completed KYC record

  • Transactional purse with a 6-digit account number
  • Co-op Pay wallet and USSD banking
  • Access to member savings products
Member Saver

Holds share capital or a savings balance for 3 consecutive months

  • Group savings pools and fixed-term deposit rates
  • Co-op Store settlement card
  • Dividend declaration on share capital
Member Borrower

12 months of savings history and a clean repayment record

  • Co-op commerce credit for inputs and stock
  • Equipment and asset finance programmes
  • Automated repayment schedules

Member benefits

Member pricing

Savings and credit rates reserved for cooperators — no retail banking margin.

Portable membership record

Your KYC, membership tier and repayment history stay with you across cooperatives.

Group savings

Pool savings with your society for inputs, equipment or a shared project.

Transparent statements

Every purse, deposit and facility is statemented in the member portal.

What membership costs

There is no subscription for holding a Co-op Pay purse. The only required position is the share or savings balance for your tier — from $20.00 on share capital — which remains the member's own money and earns a declared dividend. Platform and transaction fees apply per the published fee schedule.