M-PESA gains global links
Written by Mark Evans
A new service from M-PESA will allow Kenyans to sell and buy globally by linking to their PayPal accounts. Safaricom, PayPal and TransferTo have announced a collaboration on the new service that will allow movement of funds between M-PESA and PayPal accounts, presenting a huge boost to international eCommerce.
Qualifying M-PESA customers in Kenya can link their PayPal accounts to their M-PESA wallets, enabling them to easily and securely buy goods and services from merchants around the globe. In addition, M-PESA customers can still receive and withdraw money from more than 140,000 agents across the country.
“PayPal’s collaboration with M-PESA is part of the company’s long-term strategy to enable e-commerce and democratise financial services on the African continent,” explained Efi Dahan, PayPal general manager for the Middle East, Africa, and Russia.