PayPal opens access for global online shopping to Kenyan customers through M-Pesa

9 April 2018

M-PesaM-Pesa, a mobile phone-based money transfer, financing and microfinancing service, has entered into a partnership with PayPal to enable customers in Kenya to make purchases online from merchants around the world. The partners made a statement in the official press-release, saying that the collaboration removes barriers preventing African consumers from accessing global ecommerce markets.

Under the terms of the partnership, qualified account holders of M-Pesa will be able to link their mobile wallets in M-Pesa with preliminarily registered PayPal accounts and deposit PayPal balances by making transfers in real time from M-Pesa wallets. This will facilitate the process of buying goods and services from online retailers and businesses across the globe.

Meantime, merchants and retailers in Kenya will be able to withdraw money from their accounts within few hours to three days, based on the amount involved into the transaction. While Kenyan users will get access to over 18 million merchants globally, local business owners will also benefit from the partnership as they will connect to over 210 million PayPal users worldwide and offer their products and services, selling them in up to 25 international currencies.

Joseph Ogutu, director of strategy at Safaricom, notes: “M-Pesa’s collaboration with PayPal will open up global market places and the global economy to millions of Kenyans and Kenyan-based businesses. Beyond money transfers, this development ushers in a new era of speed and convenience beyond borders, through which more entrepreneurs and consumers can benefit from the growing e-commerce industry.”

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