Safaricom has partnered with PayPal to integrate M-PESA mobile money services with PayPal's global payment network, a move set to benefit over 35 million M-PESA customers and two million businesses and micro-traders in Kenya.
The initiative allows users to link their PayPal and M-PESA wallets, enabling seamless transfers between the two platforms. This interoperability will facilitate easier cross-border transactions, supporting both personal remittances and business payments.
Initially available only to Safaricom M-PESA customers in Kenya, the service is expected to be extended to other markets where M-PESA operates in the near future.
"As globalization and digitization continue to reshape how people and businesses connect, our partnership with PayPal is a bold step forward in enabling seamless, worry-free, safe, secure, and inclusive digital payments. It's part of our commitment to unlocking opportunities and transforming lives through the power of M-PESA."
