Equity Bank customers can now instantly withdraw their funds received through PayPal, compared to the previous 24-hour waiting period.
This improvement helps businesses and individuals manage cash flow more effectively and supports the growing trend of cross-border trade.
“The reduced settlement period will support businesses and individuals in managing their cash flows better and more effectively,” Equity Bank Kenya Managing Director Gerald Warui said.
The reduced settlement period will support businesses and individuals in managing their cash flows better and more effectively and support the growing trend of cross-border trade.
Customers can make withdrawals through the Equity Mobile App and Equity Online. Customers must link their PayPal account and view their balance directly on the app/website.
One can withdraw up to USD 10,000 per transaction in either KES or USD.
“Our enhanced collaboration with Equity Bank facilitates seamless and instant withdrawal of PayPal funds, providing real-time access for millions of Kenyans,” PayPal Mark Mwongela, Director of Middle East & Africa, says.
