A report by Capital FM in Nairobi revels that as a result of the agreement, which has been given the green light by the Central Bank of Kenya, Kenyans now have the opportunity to easily link their PayPal account with their Equity Bank account after which they can transfer funds accordingly.
Users will be able to receive PayPal payments in 26 different currencies. Once the funds are received into their bank account, Equity Bank will convert currencies into Kenyan Shillings. Another advantage of the partnership, is that users will not have to disclose their financial or personal information to transfer funds.
“PayPal is trusted throughout the world. It enables millions of online consumers to shop safely and conveniently", Equity Bank’s CEO, James Mwangi.
