The primary purpose for linking PayPal account to M-Pesa Account is the ability to withdraw PayPal Funds directly to M-Pesa wallet in Kenya. The easily move of Money between the two fintech apps is the major reason people are searching for its solutions.
Safaricom, the parent company of M-Pesa, has form alliance with PayPal to allow Kenyans to withdraw money directly from their PayPal account to their M-Pesa wallet in Kenyan Shellings. This is what birthed the payment service called "M-Pesa PayPal Service".
The M-PESA PayPal Service is a collaboration between Thunes, Safaricom, and PayPal. It facilitates money transfers for customers who have both PayPal and M-PESA accounts. This service allows users to seamlessly transfer funds between their M-PESA and PayPal accounts.
Thunes is dedicated to facilitating a comprehensive global payment infrastructure aimed at enhancing payment experiences worldwide. By leveraging Thunes' APIs through a straightforward connection, businesses and their customers gain the ability to effortlessly send and receive payments across every corner of the globe, all in an instant.
PayPal and M-PESA are utilizing Thunes' services to power the M-Pesa PayPal Service by leveraging Thunes' global payment infrastructure. Through a seamless integration with Thunes' APIs, PayPal and M-PESA customers can easily transfer funds between their M-PESA and PayPal accounts, regardless of geographical boundaries.
In addtion, Thunes' technology facilitates secure and efficient cross-border transactions, enabling the M-Pesa PayPal Service to offer users a convenient and reliable platform for international money transfers.
The M-Pesa PayPal Service is not only allowing users to withdraw from PayPal, users also have the option to deposit and withdraw funds exclusively in US Dollars (USD), while managing their M-PESA account is restricted to Kenyan Shillings only.
However, if you possesses multiple currencies within your PayPal account, you must convert the funds into US Dollars to facilitate withdrawal to your M-PESA account. To perform this conversion, navigate to the "Manage Currencies" section within your PayPal account.
Linking PayPal with M-Pesa
To access PayPal's integration with M-PESA, visit the PayPal website at https://www.paypal-mobilemoney.com/m-pesa. Navigate to the 'Login' menu located at the top right corner of the page, then proceed by following the provided instructions.
Here's what you need to do:
- Log in to your PayPal Account.
- Input your M-PESA account phone number.
- Agree to the presented terms and conditions.
- Enter the 6-digit confirmation code sent by Safaricom to the mobile number linked with your M-PESA account.
It's worth emphasizing that through this same link, you can both withdraw funds from your PayPal account to your M-PESA account and also deposit funds to your PayPal account from your M-PESA account.
The Bottom Line
In conclusion, the collaboration between PayPal, M-PESA, and Thunes has streamlined cross-border financial transactions, offering customers convenient access to a global payment network. Through the integration of Thunes' technology, you can easily and seamlessly manage your accounts, transfer funds between PayPal and M-PESA, and convert currencies as needed.
Lastly, the outlined steps in this article provide a straightforward process for you to connect your PayPal account to M-PESA. If you get value from this article, follow our social media pages to get more exclusive contents immediately we publish them.