Grace Ashiru
Safaricom and PayPal have entered into a strategic partnership aimed at enabling seamless fund transfers between M-PESA and PayPal accounts. This collaboration is set to benefit over 35 million M-PESA users and two million businesses and micro-traders across Kenya by providing access to PayPal’s extensive global network.
Through this partnership, users can link their M-PESA and PayPal wallets, allowing them to conveniently transfer funds between the two platforms. The service is designed to enhance the transactional experience for both individual customers and businesses. Currently available to M-PESA users in Kenya, there are plans to expand the offering to additional M-PESA markets in the near future.
Esther Waititu, Safaricom’s Chief Financial Services Officer, remarked, “As globalization and digitization continue to redefine how individuals and businesses interact, our collaboration with PayPal marks a bold step in delivering seamless, worry-free, secure, and inclusive digital payments. This partnership empowers more than thirty-five million customers and two million enterprises and micro-entrepreneurs in Kenya to engage in the global digital economy by facilitating easy and convenient payments across more than 200 markets.”
Otto Williams, PayPal’s Regional Head and General Manager for the Middle East and Africa, commented, “Establishing seamless links between the global economy and local financial systems is vital for expanding digital financial inclusion. We are excited to make it easier for millions of M-PESA customers across Africa to connect with PayPal’s worldwide user base.”
This partnership represents a major advancement in integrating mobile money services with global online payment systems, granting Kenyans broader access to the global digital economy.
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