Co-op Pay SACCO, registered in Zimbabwe under the Co-operatives Act [Chapter 24:05] (Certificate No. 9493), is issuing 1,700,000 bearer debentures at US$1 each. These non-convertible debentures carry a 24% coupon, paid quarterly, and are redeemable after 5 years. The funds will be used to acquire a Retail Payments Systems Provider Licence from the Reserve Bank of Zimbabwe, including the US$1 million minimum capital requirement, and an Authorised Dealer in Foreign Exchange (ADLA) licence to facilitate remittances from South Africa to Zimbabwe. Proceeds will also expand Co-op Pay’s manager network across SACCOs nationwide and support transaction processing on the coops.africa Co-op Store https://login.coops.africa/pages/pay