Co-op Pay Crosses 50,000 Active Wallets as Financial Inclusion Deepens

Co-op Pay Milestone

50,000 Active Wallets

Co-op Pay, CDEx's embedded financial services layer, has crossed 50,000 active wallets, marking a significant step forward in cooperative financial inclusion.

What's Driving Growth

• Mobile money integration with all major Zimbabwean and regional mobile money providers
• Cross-border remittances at rates 60% cheaper than traditional channels
• Merchant payments accepted at over 1,200 cooperative-affiliated businesses
• Agency banking bringing services to rural wards without bank branches

Impact Story

Mrs. Rumbi T., a grain trader in Murehwa, used to travel 90km to access banking services. With Co-op Pay, she now receives payments, pays suppliers, and sends remittances to her son in South Africa — all from her phone.

"Before Co-op Pay, I lost two days every month just travelling to the bank. Now I spend that time growing my business."

What's Next

Co-op Pay is piloting digital identity verification and embedded micro-insurance in Q3 2026, with plans to reach 150,000 wallets by year-end.