How does the CoINVEST work?

This article will guide you based on the question “How does the CoINVEST work?”. Let’s get started:

Coinvest NSFAS is a digital banking platform that allows students who receive loans and bursaries from the National Student Financial Aid Scheme (NSFAS) to manage their funds online. The platform provides students with access to their NSFAS funds, allowing them to view their balances, make payments, and withdraw cash securely and conveniently.

To sign up for Coinvest NSFAS, students must first register on the NSFAS website and create an account. Once the account is created, students can log in to the Coinvest NSFAS platform using their NSFAS credentials.

The Coinvest NSFAS platform is designed to be user-friendly and easy to navigate. Students can view their account details, including their balance and transaction history, and make payments directly from the platform .

Coinvest is a leading fintech company that offers mobile money transactions and payments in South Africa. It provides a user-friendly platform that allows anyone to conveniently and securely perform day-to-day financial transactions using a physical money card, desktop, or mobile application.

Coinvest Money Account

The foundation of Coinvest’s services is the Coinvest Money Account. This account serves as a digital wallet that enables users to:

  • Send and receive money
  • Pay for goods and services
  • Top up their airtime and buy data bundles
  • Purchase electricity vouchers
  • View and manage their transaction history

To open a Coinvest Money Account, you must be a South African resident with a valid South African ID number and a mobile phone number. You will also need to undergo the Know Your Customer (KYC) process, which involves verifying your identity and address.

Coinvest Mobile App

The Coinvest Mobile App is the primary way to access and manage your Coinvest Money Account. The app is available for both iOS and Android devices and offers a range of features, including:

  • Secure login and transaction authentication
  • Real-time account balance tracking
  • Transaction history viewing and filtering
  • Fund transfers to other Coinvest users
  • Bill payments for various services
  • QR code scanning for payments

Coinvest Money Card

The Coinvest Money Card is a physical card linked to your Coinvest Money Account. It can be used to make ATM withdrawals and in-store purchases wherever Mastercard is accepted. The card also offers cashback rewards on certain transactions.

Coinvest Pay

Coinvest Pay is a feature that allows businesses to accept payments from Coinvest users via QR codes, payment links, or WhatsApp. Businesses can also use Coinvest Pay to disburse payments to employees, suppliers, or other parties.

Coinvest NSFAS

Coinvest NSFAS is a platform that facilitates the disbursement of National Student Financial Aid Scheme (NSFAS) funds to eligible students. Students can use Coinvest NSFAS to manage their funding, track disbursements, and make withdrawals.


Coinvest employs robust security measures to protect user data and financial transactions. These measures include:

  • Two-factor authentication
  • Data encryption
  • Fraud monitoring
  • Compliance with industry regulations

Coinvest Fees

Coinvest charges a range of fees for its services, including account opening fees, transaction fees, and withdrawal fees. These fees are generally competitive with other fintech providers in South Africa.

Coinvest Customer Support

Coinvest offers customer support through various channels, including email, phone, and live chat. The support team is available to assist with account inquiries, transaction issues, and technical problems.

Coinvest’s Impact in South Africa

Coinvest has played a significant role in promoting financial inclusion in South Africa. By providing accessible and affordable financial services, Coinvest has empowered individuals and businesses to participate more fully in the digital economy. The company’s commitment to innovation and security has made it a trusted partner for both consumers and businesses in South Africa.

Coinvest is a leading fintech provider in South Africa that offers a range of mobile money transactions and payment solutions. The company’s user-friendly platform, secure infrastructure, and commitment to financial inclusion have made it a popular choice for individuals and businesses alike. With its continued growth and innovation, Coinvest is well-positioned to play an even more significant role in shaping the future of financial services in South Africa.