Credit Bank Plc has unveiled the Sacco Cash Pickup Remittance Portal Service, a game-changing solution in partnership with SACCOS to make overseas remittances faster, more affordable, and more accessible to Kenyans in rural areas.
Through this service, recipients can conveniently collect money sent via RIA at any of the 14 Skyline SACCO branches across Nakuru, Baringo, Trans Nzoia, and Nandi counties in the first phase.
Supported by the International Fund for Agricultural Development (IFAD) and other key partners, Credit Bank’s Remittance and Financial Inclusion Initiative addresses major challenges associated with remittances, including high transaction costs, limited financial literacy in rural areas, and restricted access to investment opportunities for Kenyans in the diaspora.
“Our diaspora community plays a vital role in Kenya’s economic growth, and sending money home should not be a costly burden. Partnering with RIA and leveraging digital solutions significantly reduces remittance costs, making financial services more accessible and inclusive for all Kenyans especially in under-served communities,” said Credit Bank CEO Betty Korir.
“SACCOs are the backbone of financial access in rural Kenya, and integrating our remittance services with SACCO networks such as Skyline Sacco expands financial reach. This ensures that even the most remote communities can receive funds conveniently.”
Recipients can withdraw money instantly at any Skyline Sacco branch with a valid ID and transaction reference number. Additionally, Skyline Sacco members can opt to have funds deposited directly into their accounts, offering a seamless and secure experience without the need for a branch visit.
