Kopo Kopo - Payments and Loans

In the fast-paced world of business, having efficient financial tools is essential. Kopo Kopo is revolutionizing how Kenyan businesses manage their finances, offering a comprehensive Android app that simplifies receiving customer payments, making outgoing transactions, and accessing fast loans. Let's dive into the myriad benefits and features Kopo Kopo provides to elevate your business operations.

Key Features of Kopo Kopo

1. Accept Lipa na M-PESA via Buy Goods Till Number(s)

• Multiple M-PESA Till Numbers: Kopo Kopo allows businesses to receive one or multiple M-PESA Till Numbers, facilitating seamless transactions.
• No Charges for Customers: Customers incur no charges when paying through Kopo Kopo Till Numbers. Funds are credited instantly to the Kopo Kopo account.
• Business Charges: Businesses pay a minimal fee of 0.55% to accept Lipa na M-PESA payments, capped at KSh 200. Transactions below KSh 200 are entirely free.
• Digital Payments: Eliminate cash handling and associated risks by embracing the digital payment revolution.

2. Send Money to Bank and M-PESA Accounts

• Flexible Withdrawals and Transfers: Withdraw money to your own account or make business payments to bank accounts, M-PESA numbers, Paybills, and Till Numbers.
• Flat Transfer Fee: Regardless of the amount, the transfer fee remains KSh 50. Whether sending KSh 10,000 or KSh 1,000,000, the fee is consistently low.
• Bulk Payments: Use the web app to make bulk payments to bank accounts and M-PESA numbers, with most transactions credited in real-time.

3. Add Money to Your Kopo Kopo Account

• Multiple Channels: Add funds via bank, M-PESA STK Push, and Paybill. This flexibility ensures you can replenish your account as needed for various transactions.
• Loan Repayments and Business Payments: Facilitate faster loan repayments or make outgoing business payments such as payroll and supplier payments efficiently.

4. Access Fast Loans to Keep Your Business Moving

• Overdraft Services: Available to all Kopo Kopo users for outgoing payments, providing immediate access to funds without lengthy approval processes.
• Cash Advances: Users who have accepted Lipa na M-PESA payments for at least two months can access Cash Advances, with limits up to KSh 10,000,000 based on payment volume.
• Automatic Repayments: Overdrafts and Cash Advances are automatically repaid each time you receive a customer payment, ensuring hassle-free loan management.

5. Comprehensive Payment Management

• Detailed Transaction Information: Access detailed information about every incoming and outgoing payment within the app.
• Comprehensive Statements: Request detailed statements for accounting and reconciliation purposes, enabling accurate financial tracking and reporting.
• Peace of Mind: Manage your finances with ease, knowing that all transactions are documented and easily accessible.

How to Get Started with Kopo Kopo

1. Download the Kopo Kopo App: Available on the Google Play Store, the Kopo Kopo app is designed for ease of use on the go.

2. Register Your Business: Provide the necessary business information to create your Kopo Kopo account.

3. Configure M-PESA Till Numbers: Set up one or multiple M-PESA Till Numbers to start accepting payments from customers seamlessly.

4. Add Funds to Your Account: Use bank transfers, M-PESA STK Push, or Paybill to add money to your Kopo Kopo account.

5. Access Loans and Make Payments: Utilize the Overdraft and Cash Advance services for quick access to funds, and make outgoing payments as needed.

6. Monitor Transactions: Keep track of all your payments and transactions within the app, ensuring complete financial control and transparency.

Advantages of Using Kopo Kopo

• Efficiency and Convenience: Manage all your financial transactions from a single platform, saving time and reducing complexity.
• Secure and Reliable: With encrypted transactions and secure data handling, Kopo Kopo ensures your financial information remains protected.
• Cost-Effective: Enjoy low transaction fees and competitive loan terms, optimizing your business expenses.
• Real-Time Payments: Most payments to bank accounts and M-PESA credit to the recipient in real-time, ensuring timely financial management.

Conclusion

Kopo Kopo is transforming the financial landscape for Kenyan businesses by providing a comprehensive suite of tools to manage payments, access loans, and ensure efficient financial operations. Whether you need to receive customer payments, make business transactions, or secure quick loans, Kopo Kopo offers a reliable and user-friendly solution. Embrace the future of business finance with Kopo Kopo and experience seamless financial management like never before.

For more information, visit www.kopokopo.co.ke and get in touch with our support team for any assistance. Together, we can achieve financial excellence and growth.