Safaricom has partnered with paypal to ensure flow of transactions among Kenyans by allowing them to now send and receive money to and from Mpesa without involving any third party apps as in the past.
“M-Pesa’s collaboration with PayPal will open up global marketplaces and the global economy to millions of Kenyan and Kenyan-based businesses and individuals.
“Beyond money transfers, this development ushers in a new era of speed and convenience beyond borders, as we work towards innovating robust platforms, through which more entrepreneurs and consumers can benefit from the growing e-commerce industry”, said Joseph Ogutu, Safaricom’s director for strategy.
According to The Business Daily,Kenyans will be able to send and withdraw fromPaypal in realtime or within hours of making a transaction.
This comes as a relief to many as they have been used to waiting days upon days for their funds to reach banks or use third party apps that are not 100% trustworthy.
“We are excıted to brıng the M-Pesa mobile wallet and PayPal joint services to the Kenyan market, which makes it more convenient and secure to withdraw and add money to their accounts while participating in the global digital economy,” said Efi Dahan, PayPal General Manager for Middle East, Africa, and Russia.