Co-operative Bank of Kenya and fintech platform Paymenta have announced a strategic partnership leveraging a "Banking as a Service" (BaaS) model to expand digital financial services across East Africa.

• This collaboration positions Co-operative Bank as the infrastructure provider, enabling Paymenta to onboard thousands of new users daily, including informal traders.
• Key organizations involved: Co-operative Bank of Kenya and Paymenta (under the DSSC Global Group).
• The partnership aims to build a financial ecosystem "created by Africans, for Africans," with plans to integrate services like crypto trading and utility payments.