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.
Latest News
-
NCA arrests four in connection with M&S, Co-op and Harrods cyberattacks
-
FCA shuts down 1,600 websites in effort to tackle financial crime
-
Scotta integrates AI to boost growth
-
Deutsche Bank taps Swift for instant cash technology
-
Amnesty International raises exclusion concerns about government’s ‘unchecked’ use of AI
-
AIB implements AI tools for 10,000 employees
Bringing Teams to the table – Adding value by integrating Microsoft Teams with business applications
A decade ago, the idea of digital collaboration started and ended with sending documents over email. Some organisations would have portals for sharing content or simplistic IM apps, but the ways that we communicated online were still largely primitive.
Automating CX: How are businesses using AI to meet customer expectations?
Virtual agents are set to supplant the traditional chatbot and their use cases are evolving at pace, with many organisations deploying new AI technologies to meet rising customer demand for self-service and real-time interactions.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories