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Business

PayPal Curbs Thousands of Kenyan Accounts as AML Scrutiny Rises

PayPal Holdings Inc. has tightened controls on Kenyan accounts, freezing funds and restricting access for some users as the company ramps up anti-money laundering (AML) compliance in higher-risk markets. Freelancers, online merchants and remote workers say they have faced sudden...
Fintech

PayPal Denies Takeover Talks as Stripe Interest Looms

PayPal is not currently engaged in sale negotiations with Stripe or any other potential suitors, despite recent market speculation. According to sources familiar with the matter, the payments giant has spent several months working alongside investment bankers to "prepare for...
Tech

PayPal Partners Paga to Allow Payments & Withdrawals in Nigeria

PayPal, the global payments and commerce platform, has partnred with Paga to allow live account linking for customers in Nigeria, a first for users in Nigeria to access PayPal-supported cross-border payments, allowing them to receive international payments and withdraw...
Business

PayPal to Launch a Digital Bank in the U.S., Expand Wallet Services to Africa and Globally

PayPal Holdings Inc. is broadening its U.S. banking footprint and expanding digital payment access globally, including Africa, announcing plans to establish a Utah-chartered digital bank and launch a platform connecting major digital wallets worldwide. The proposed PayPal Bank would allow...
Business

PayPal to Invest $100 Million into Middle East & Africa Investments & Acquisitions

PayPal is set to invest $100 million throughout the Middle East and Africa, to fuel innovation, support entrepreneurs, and drive inclusive economic growth in the region. The firm will do these through a mix of minority investments, acquisitions, PayPal Ventures...
Tech

PayPal Appoints Aaron J. Webster as the Executive Vice President, Chief Enterprise Services Officer

PayPal has announced the appointment of Aaron J. Webster as Executive Vice President, Chief Enterprise Services Officer, effective March 18. Mr Webster will have end-to-end accountability for global financial crime and fraud prevention programs, regulatory and government relations, and risk and compliance management. "Aaron is...
Apps

PayPal set to layoff 2,500 employees globally

PayPal has announced plans to reduce 9% of its workforce globally as the company struggles with rising competition from rivals such as Apple, Zelle and Block. PayPal is a payment platform that enables payments between parties through online money...
Funding

PayPal appoints Suzan Kereere as President of Global Market

 PayPal  , an online payment system that allows users to send and receive money around the world has appointed  Suzan Kereere as President, Global Markets, effective January 1, 2024. Following this appointment, Suzan will have end-to-end accountability for leading PayPal's local businesses and growth strategies in...
Guides

Business Tips: How to Enjoy New PayPal Casinos

Online casinos have witnessed a surge in popularity with the legalization. One significant contributing factor to this growth is the convenience and security of payment methods like PayPal. As businesses evolve to meet the demands of the digital age,...
How To

How to delete your PayPal account permanently

A smart cyber hygiene habit is deleting old, unneeded accounts. It safeguards your important data and protects your device from cyberattacks.  Here are some actions you ought to do if you have made the decision to close your PayPal account.  Keep...
Tech

PayPal Launches U.S. Dollar Stablecoin to promote adoption of digital currencies

 PayPal has launched  a U.S. dollar-denominated stablecoin, PayPal USD (PYUSD) with an objective to promote adoption of digital currencies for payments and transfers. The stablecoin, known as PayPal USD, is backed by US dollar deposits and short-term US treasuries, and will be issued...
Tech

PayPal Names Intuit’s VP Alex Chriss as President and CEO

PayPal's Board of Directors has appointed senior Intuit executive, Alex Chriss, as President and CEO, effective September 27, 2023. Chriss will also join the Board on that date. The appointment follows a thorough CEO search process, conducted by the Board...
Guides

PayPal Casino Instant Withdrawal: Enjoy Fast and Convenient Transactions

In the world of online gambling, players value convenience, security, and speed when it comes to managing their funds. That's why PayPal casino instant withdrawal has become increasingly popular among players looking for a seamless and efficient payment method....
Banking

Equity Bank Cuts PayPal Withdrawals to Only 1 Working Day

Last year, Equity launched a ground- breaking solution to expedite PayPal withdrawals to help customers transfer funds easily from PayPal to their account. The service reduced the time it takes to have PayPal settlements reflected in your bankaccount to...
Business

PayPal withdrawal service now available on Equity Mobile App and Equity Online

Equity Bank has enhanced its PayPal withdrawal service by migrating it from the previous web-based portal to Equity Mobile App and Equity Online, Equity’s internet banking platform. This shift will boost efficiency for Kenyans who receive payments through the international...
Fintech

VeelPay wants to be Africa’s PayPal, with affordable instant money transfers & payments to almost anyone globally

VeelPay, a new fintech platform is set to launch to enable instant money transfers from anywhere to anywhere around the globe with state-of-the-earth encryption technology for secure transactions. The platform, which has been in stealth mode for a while, aims...
How To

How to Cancel Your PayPal Subscriptions.

If you no longer want to use a service to which you have subscribed, PayPal makes canceling your automatic membership payments simple. Here's how to do it on your desktop using your PayPal account. You have until the day before...
Tech

PayPal Digital Payment Platform Violated Racketeering Laws By Freezing Customer Money

PayPal Holdings Inc., a popular digital payment platform, violated racketeering laws by freezing customer money and refusing to provide an explanation for the move
Tech

Paypal withdrawals via Equity Bank will now take a day.

Equity Bank has announced that it will shorten the time it takes to settle PayPal withdrawals. The time frame has been reduced from three business days to 24 hours or one business day.  This advancement now enables Equity to provide...
Business

PayPal shares drop after Bernstein downgrades stock through rising competition

PayPal shared its drop in stock by 4.35% after Bernstein analysts downgraded the stock from the equivalent of a buy to hold and cut the price target to $220 from $260. PayPal shares are down almost 13% for the...
Startups

Pan African fintech startup Payday secures $1m pre-seed round to build Africa’s paypal.

Payday, an African fintech startup, has secured $1 million in pre-seed funding to continue its efforts to make global payments more accessible to Africans. Payday has grown exponentially since its  launch in June 2021, with over 5,000 users and $1.4...
Tech

PayPal’s New Super App Adds Deals, Savings, Buy Now, Pay Later Services, Crypto, Donations & Rewards

PayPal's new all-in-one super app comes with new features such as PayPal savings, savings account, Buy Now, Pay Later services, buy, hold and sell crypto among others to enable customers to earn rewards redeemable for cash back or PayPal...
How To

How to Cancel Automatic Payments on Paypal.

Here's how to do it: Go to your PayPal account and log in.Near the top of the page, click Settings.Click Payments.To manage pre-approved payments, go to Manage Pre-Approved Payments.Follow the instructions after clicking Cancel or Cancel automatic billing. If you don't have...
How To

How To Withdraw Money From PayPal To M-PESA

This has service has since been moved to the M-PESSA app and we will explain in an separate article. This is a step by step guide on how to withdraw money from PayPal to Mpesa. PayPal is a worldwide...
How To

How to Register PayPal Account and Verify to Get Payments

Register for a free PayPal account to receive international payments. PayPal is a secure and popular online payment processor that is used worldwide for online money transactions and online shopping. How to Register and Verify PayPal Account There's no need to be...
Technology

MPESA To Paypal; Paypal Paybill Number.

When topping up your Paypal account with MPESA, enter the paybill number 800088. MPESA and Paypal entered into an agreement in 2017 that allows online transactions from MPESA to Paypal and vice versa. To top up your MPESA account with...
Payments

How To Create A PayPal Account In Kenya

Are you interested in creating a PayPal account in Kenya? PayPal Kenya has brought ease and safety to the world of online shopping and allows you to send money online. These days PayPal is a universal method used for online...
Business

How to use PayPal’s New “Checkout with Crypto” Feature

 PayPal has launched Checkout with Crypto, a new feature that will allow its customers with cryptocurrency holdings in the U.S. to be able to choose to check out with crypto seamlessly within PayPal at checkout apart just buying, holding...
Startups

Flutterwave Partners Paypal to Make it Easier For African Businesses to Accept and Make Payments

Flutterwave, the Lagos-based payments technology firm has partnered with PayPal, the global payment leader to enable PayPal customers globally to pay African merchants in the continent through Flutterwave’s platform. The partnership will connect SMEs and freelancers in Africa to more...
Tech

PayPal Brings New Opportunities for Bitcoin Trading Through Its New Feature 

Bitcoin trading has become even more easier and accessible after PayPal recently announced that it has adopted cryptocurrencies on its platform. This means that people can now buy, sell and hold cryptocurrencies like Bitcoin by using their PayPal accounts....
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