The island’s second largest credit union is making it easier for its more than 60 000 members to do a range of business transactions.
On Monday, the City of Bridgetown Co-operative Credit Union Limited (COB) launched its COB E-pay mobile app, which will allow members to pay their bills online, transfer funds, top
up mobile phones and make payments
However, only mobile top-ups and bill payment options will be available when the application goes live on November 1.
The new service is a partnership with telecommunications company Digicel and one of Barbados’ newest financial technology company Electronic
President of COB Henderson Williams told a launching ceremony at the financial institution’s Broad Street, Bridgetown office he was confident the application would be a hit with members.
“This is a mobile application built for all major mobile operating platforms. It is designed to deliver an all-inclusive app catering to users’ financial services needs,” said Williams.
“At the City of Bridgetown, we aspire to help our communities prosper and we are assured that our social initiatives and social investment will deliver a positive and lasting impact,” he added.
Williams said as the market evolved, the financial institution would continue to innovate to meet changing demands.
Officials of COB said the response from merchants was encouraging so far, while assuring that the mobile application was secure.
COB is expected to add more merchants and service providers to the platform over time.
Just over 30 per cent or approximately 20 000 of COB’s members use existing apps offered by the financial institution.
Chief executive officer of Electronic Solutions Barbados Dwayne Roach lauded the credit union for introducing
He said his company was in the process of forming partnerships with other organisations including the Association of Public Transport Operators to allow commuters to pay fares though the app.