finally paypal is working on withdrawing direct to mpesa

PayPal Holdings Inc. forged new mobile-wallet partnerships with telecommunications giants Vodafone Group Plc in Europe and America Movil SAB in Latin America, highlighting a key growth strategy for the digital-payments company after its separation from online marketplace EBay Inc.

PayPal Chief Executive Officer Dan Schulman is looking for new customers in Vodafone’s 454 million users and America Movil’s 286 million subscribers. Schulman is scheduled to announce the partnerships Monday at Mobile World Congress in Barcelona, Spain, to highlight how PayPal is expanding beyond a button to pay for things on websites into a mobile wallet platform enabling users to send money abroad and pay for items in stores by scanning with their smartphones.

“We’re taking our platform of innovation and partnering with some of the leading mobile companies around the world,” Schulman said in an interview. “You’re beginning to see this vision come to life of PayPal being the partner of choice that helps merchants and consumers transact and move money in the world of digital commerce.”

When PayPal was part of EBay, it traditionally entered new markets along with the online marketplace, gaining exposure as more shoppers and merchants bought and sold goods through the online bazaar. PayPal split from EBay in July and now considers mobile carriers key partners. PayPal provides a platform for the carriers’ digital wallets, generating new revenue sources from transactions and potentially new PayPal account holders. PayPal had 179 million active users at the end of 2015, mostly in the U.S. and Europe.

[SIZE=4]Digital Wallets[/SIZE]
The Vodafone partnership will enable PayPal’s European customers to use Android smartphones to make touch-less payments at Visa terminals, starting in Spain and expanding to additional markets this year. The America Movil deal entails creating digital wallets for the company’s 140 million Tel Cel and Claro customers in Mexico and Brazil.

PayPal will also expand international money transfer business Xoom into Africa, allowing U.S. customers to send money to people in Kenya with M-Pesa accounts. M-Pesa, which means money in Swahili, is a mobile-phone based financial service launched by Vodafone in 2007 targeting those not served by traditional banks. It now has 24.6 million customers in 11 countries, including South Africa, Tanzania, Afghanistan, India, Romania and Albania.

PayPal’s most visible business is processing payments on websites through PayPal user accounts linked to bank accounts and credit cards. It is increasingly a behind-the-scenes payments solution, powering such mobile applications as Uber Technologies Inc.’s ride-hailing service and Airbnb Inc.’s room-booking app. It purchased Xoom Corp. for $890 million last year and it is experimenting with buy buttons seen on social media platforms such as Pinterest Inc.

Paypal advanced 1.1 percent to $36.17 in New York at 9:38 a.m.

The new mobile carrier partnerships are consistent with PayPal’s strategy of expanding beyond its traditional business of processing payments on websites, said Gil Luria, an analyst at Wedbush Securities Inc. in Los Angeles.

“Paypal doesn’t want to limit where it is involved because this industry is so big and fast moving,” he said.

This is nice

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then tutakuwa na Safaricom vs Equity tena

Good one, but PayPal is usually very expensive and exploitative…Looks like Skrill imewaeka joto pia…


Would be a good move but their charges are damn too high! Unapata 217 usd then 17 usd ni fee. Upuss

Please tell me more…

Skrill withdrawal to MPesa is very cheap compared to Paypal.

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their charges are high. At 4% for small deposits or being paid. $217 translates to about $9 fee. Thats alot. The good thing with paypal is that they let you easily integrate website with their system very easily and they charge credit cards for you and send you a notification automatically to let you mark goods in your inventory as sold using an automation rather than manually. They also dont charge for this integration its free and works like magic. Sometimes the customers dont even know that they have paid at the paypal website they think they are still at your website because paypal allows your logo and banner at their nicely designed website. Skrill have a vague payment gateway, which they charge for even when it is not in use. Paypal also doesnt try to do fishy stuff with your money.

Imeanza kufanya maa ni ideas tu??

sasa kutoa itakuwa cheaper & faster.

I agree. It is more secure than Skrill.

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They had been petitioned for ages wakawa wanaringa! Google wallet pushed skrill to bring mpesa wallets n now skrill compe has forced paypal to also add mpesa

A local company that does this:

This is yet to be seen,…I guess