The most widely used method is the option to withdraw directly to your M-PESA account, an option that was welcomed with open arms by the millions of Kenyans that depend on the global platform to get paid. But that isn’t the only method that users can withdraw their funds. Equity Bank has supported PayPal to Bank transactions for years now. Read More: How to link your PayPal account to your Equity Bank Account However, this method has since fallen from the graces of many owing to the lengthy wait periods that would be up to 3 working days. In an era where PayPal to M-PESA transactions take less than 3 minutes, this is almost unacceptable. In recognition of the same, Equity is now doing something about this. Today, reports have it that Equity Bank is moving to shorten this waiting period from 3 working days to just 1 day. This move will no doubt appeal to freelance writers, creatives, and even persons with family abroad. Speaking on behalf of PayPal, Tahir Emrah Tuzun, PayPal Head of Sales and Market Development Middle East and Africa said, Equity Bank remains the only bank in Kenya that allows transactions from PayPal and in this day and age, others need to step up and support such transactions if they really want to compete. While this move by Equity Bank is one in the right direction, M-PESA still looks like a more compelling and convenient solution for PayPal withdrawals in Kenya and might remain so for a while. That said, it is nice to know that this option does exist and is becoming better every so often.
