PayPal To Mpesa Enabled By Safaricom

PayPal To Mpesa Enabled By Safaricom Mpesa To PayPal Transfer

Safaricom has made a breakthrough in international money transactions after announcing a partnership with PayPal that will enable M-pesa users to receive money in real time from Paypal from any part of the world.
MPesa users will also be able to directly load their PayPal wallets through a paybill number, 800088, that was provided by Safaricom. PayPal is said to have agreed to enter into the partnership as they seek to tap into Kenya's e-commerce sector which is fast growing.
This integration is bad news for Equity bank which has been enjoying the monopoly of PayPal integration. MPesa is expected to overtake Equity Bank due to the large number of people who use Mpesa as compared to Equity Bank.

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