In a bid to improve their service for Kenya citizens PayPal and Equity Bank Kenya have just announced improvements in their service.
PayPal is an online (internet based) payment service originating from United States of America. PayPal helps individuals and business/organisations to send or receive payments across different countries of the world.
However not all PayPal features are available in to the citizens of every country. For example, the citizens of Kenya’s neighbor to the West “Uganda”, is able to use PayPal features such pay for goods and send payments but is not able receive payments and pay for goods.
This has been different for citizens in Kenya, especially for the Equity Bank customers and US bank account holders. Even though of recent funds withdrawn from PayPal wallet to Equity bank Kenya had to take 8 days ( more than a week) to be deposited on the bank account.
This announcement made by both financial giants confirm the reduction of this delay by 5 days, to bring the delay down to a maximum of 3 days.
This is means more cash flow for the I.T population which largely earns from online money making like blogging, working on upwork and other freelance platforms.
This moves is also a step forward towards increasing the chances of investment by the locals who earn online.
For instance, in 30 days, a earner of 100 USD online in a period of 10 days, will have access to 300 USD in cash feasible to be invested.