Safaricom and PayPal announced a collaboration that enables Kenyans to seamlessly move money between their M-PESA and PayPal accounts, in partnership with TransferTo.
The new service eliminates significant barriers that have hindered consumers and businesses in the country from taking full advantage of global eCommerce.
M-PESA has revolutionised the mobile payments space by offerıng Kenyans the flexibility to make payments quickly and easily from any mobile phone.
The new service makes it possible for Kenyan consumers with an M-PESA account to shop with online businesses across the world. With the new service Kenyan businesses and freelancers can now to sell to global customers more easily, enjoying PayPal’s secure and trusted technology to collect their payment and the newly launched service to move their money to their M-PESA wallet.
TransferTo operates a global Cross-Border Mobile Payments Network for emerging markets and is the technology partner underpinning this strategic collaboration.
The service is now live and available to all Kenyans with qualifying PayPal and M-PESA accounts.
Efi Dahan, GM for Middle East, Africa and Russia, PayPal
PayPal’s collaboration with M-PESA is part of the company’s long-term strategy to enable eCommerce and democratise financial services on the African continent.
Joseph Ogutu, Director of Strategy, Safaricom
M-PESA’s coopoeration with PayPal will open up global market places and the global economy to millions of Kenyan and Kenyan-based businesses and individuals.
