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Cooperative Bank bets on close links with Saccos to unveil cashless system

Cooperative Bank has unveiled a new cashless payment card for commuters in compliance with the National Transport Safety Authority’s directive requiring all public service vehicle (PSV) operators to implement the system. The card dubbed M-Nauli was launched at Kencom stage, in Nairobi yesterday. It will be used across all PSVs.

Speaking at the launch, Transport and Infrastructure Cabinet Secretary Michael Kamau told card providers and matatu owners to work together to ensure the new payment system thrives. “I urge Cooperative Bank and other providers to engage with the matatu operators to ensure that the cashless payment system succeeds,” said Kamau, adding that his ministry is committed to its success.

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