Paypal Partners With Rocket Internet’s Jumia Kenya To Enhance eCommerce in the Region

Rocket Internet’s Jumia has today partnered with Paypal, an online payment service in a move that will help East Africans shop online easily.


PayPal also partnered with Equity Bank so as Kenyans can withdraw their money from PayPal to their bank accounts. The deal will see East Africans tap into PayPal’s global customer base of more than 137 million active accounts in 193 countries.



Jumia Kenya’s M.D Nick Miller told TechMoran the deal is all they have been waiting for.

“Our deal with PayPal will see users in the region buy easily from our site. eCommerce comes live with this partnership as payment processing is till a problem in East Africa due to lack of credit cards.“


Jumia Kenya is a one stop Kenyan on-line shop selling fashion, electronics, home appliances and mobile phones. Though it allows user to buy via M-Pesa, Cash on delivery,Visa,Mastercard, Airtel, Yucash, Kenswitch, it was limited as most of the buyers had difficulties buying. With Equity Banks deal, Kenyans will now use their PayPal accounts to buy online.


equipay“PayPal is working with Equity because it knows the ecosysystem. It's good to have partners on ground than doing what we think works but doesn't.” Malvina Goldfeld, Head of Business Development – Sub-Saharan Africa PayPal told TechMoran.


According to Equity CEO, James Mwangi, “We are pleased to make this announcement as Kenyans will be able now to join the global e-commerce marketplace.”

The customer needs to have a PayPal account and link it to an Equity Bank account in order to receive PayPal payments in 26 different currencies. Equity Bank will convert the currency into Kenyan shillings when the money is transferred into their accounts.

http://techmoran.com/paypal-partners-with-jumia-kenya-to-enhance-ecommerce/