NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tuesday, April 10, 2018

Edited by Fundisiwe Maseko

PayPal and Safaricom have announced a collaboration that will allow Kenyans to move money between their M-PESA and PayPal accounts. The new service aims to eliminate barriers that have hindered consumers and businesses in the country from taking full advantage of global eCommerce.

“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,” says Efi Dahan, General Manager for the Middle East, Africa and Russia, PayPal. “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 for users to withdraw and add money to their accounts while participating in the global digital economy.”

Photo courtesy of Scott Mainwaring.