For a long time now you needed to have a bank account linked to your PayPal account, a bank account with the United States to withdraw money swiftly. This has been cumbersome moreso for many Kenyans who majorly rely on mobile money transfers. I have too gone through lengthy transactions to get my money in PayPal account onto my M-PESA wallet. Well, things seem to have changed around after the MWC2016, the MWC saw a highly respectable partnership between PayPal and Vodafone which owns upto 40% of Kenya’s Safaricom Telecommunications giant.

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Things are turning sweeter and this is what it means by the PayPal’s partnership with Vodafone for PayPal M-PESA users largely Kenyans.

Forrester Mobile analyst Thomas Husson commented: “PayPal’s agreements show that telecom operators can become strategic partners to distribute financial services particularly to connect to the unbanked in emerging countries, as demonstrated by the M-Pesa partnership which also saw a partnership with American Movil.”

“It’s yet another sign that you cannot win the wallet war alone. Consumers trust PayPal as a digital wallet provider in many countries across the globe – adding more choice and a best in-class app experience for consumers will help them – but to fully realize its ambition to become the OS of digital
commerce, PayPal now must also convince merchants simultaneously.”

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This means that Kenyans will soon withdraw their money from PayPal directly to their mobile wallets the M-PESA money transfer. This will also get rid of middlemen who mainly steal from owners of PayPal accounts who would wish to withdraw.

M-PESA to PayPal and PayPal to M-PESA will now be swifter than ever. Also it will boost the economic growth since Kenya’s economy relies mostly on mobile money transfer.