Equity Bank customers using online payment service, PayPal, are now able to withdraw funds from their PayPal account within three business days thanks to the improvement and streamlining of the platform.
In the new direct and improved service, Equity Bank can now process its customers’ withdrawal transactions within 3 business days, down from the previous 8 business days.
“As a small business owner, swift access to money is essential for the growth of my company. I need funds to pay vendors and employees, as well as pay capital costs. With this new service, I can get my money quicker than ever before.” said Brian Sechelo, a local merchant using Equity Bank and PayPal services.
This enhanced service offering from PayPal and Equity Bank will help to nurture the immense opportunities for cross border commerce offered to Kenyan merchants who trade online.
Equity Bank chose PayPal as a partner for this endeavour because of the bank’s commitment to offering cutting edge and industry tested solutions for services such as mobile banking, online banking, agency banking, mobile money transfer and online payments systems.
Both companies are committed to making Kenya a key player in the global digital marketplace.
“PayPal is focused on making e-commerce safer and easier to use throughout Africa. Kenya has always been a priority market for us, and we are working to ensure that our services are convenient for all our customers,” said Efi Dahan, General Manager, Israel and Africa for PayPal.