• Home
  • About
    • About Hapa Kenya
    • Privacy Policy
  • Advertise
  • Contact
  • Terms
  • Home
  • About
    • About Hapa Kenya
    • Privacy Policy
  • Advertise
  • Contact
  • Terms
HapaKenya
 logo
  • Life

    Life

    See all
    • Dry & warm conditions expected in Kenya & Horn of Africa in the next 3 months

      August 26, 2025
    • Samsung digital appliances get new IoT security certification from TÜV Nord

      August 26, 2025
    • IFC launches initiatives to combat gender based violence in workplaces

      August 20, 2025
    • Events
  • Business

    Business

    See all
    • Safaricom Business hosts media forum to showcase enterprise technology solutions

      August 26, 2025
    • Grounding of Dreamliners causes Kenya Airways to swing to a Ksh. 12B loss

      August 26, 2025
    • Family Bank backs new KPL team A.P.S Bomet FC with Ksh. 2M sponsorship

      August 26, 2025
  • Tech

    Tech

    See all
    • Mastercard & Circle expand partnership for digital payments in Eastern Europe, Middle East & Africa

      August 26, 2025
    • Samsung digital appliances get new IoT security certification from TÜV Nord

      August 26, 2025
    • Safaricom’s 5G supercharges thrilling Otamatsuri Gaming Convention

      August 26, 2025
  • Entertainment

    Entertainment

    See all
    • Smirnoff Fiesta is back on September 6 at Machakos Golf Club

      August 26, 2025
    • Safaricom’s 5G supercharges thrilling Otamatsuri Gaming Convention

      August 26, 2025
    • Veteran radio presenter Cess Mutungi to host The Mommy Club NBO reunion

      August 22, 2025
  • Travel
  • Sports
  • Health
  • Bars + Restaurants
  • Drinks
  • Trending

    Trending

    NowWeekMonth
    • 26

      How to make pilau

      1
    • 22

      15 places you can get quick loans in Kenya in 2021

      2
    • Absa
      21

      105 Absa Bank employees acquire digital skills at Strathmore University

      3

Paypal Withdrawals through Equity Bank to now take a day

Grace MathekaJanuary 13, 2022
1 min read
Shares

Equity Bank has announced a reduction in the duration it takes to settle PayPal withdrawals. The duration has been reduced from 3 business days to just 24 hours or one business day. This development now allows Equity to offer the fastest PayPal settlement period in the country, enhancing efficiency for the increasing number of Kenyans who receive payment through PayPal.

The bank which is currently the only one offering withdrawal services in the country, enables PayPal account holders to withdraw funds paid from their registered PayPal accounts straight to their Equity Bank accounts. This is inclusive both the local currency and the US Dollar, excluding credit card accounts.

New users looking to use the withdrawal service can do so once they have successfully created and verified their PayPal accounts, then sign up on the Equity Bank website. Freelance writers, Kenyans with families abroad, those in the creative industry and MSMEs involved in cross border trade among others are expected to benefit from this service with both PayPal and Equity charging minimal processing fees.

Commenting on the new development, Equity Bank Kenya Managing Director Gerald Warui said, “The reduction in the settlement period is of great significance as the country moves towards growing the uptake of e-commerce. COVID-19 has forced many MSMEs to adopt a digital operating model including the adoption of cash lite payment models such as direct payments into their Equity accounts through PayPal. The reduced settlement period will allow businesses to effectively receive payments enabling them to manage their cash flows and accelerating the growth of their businesses.”

Speaking on behalf of PayPal, Tahir Emrah Tuzun, PayPal Head of Sales and Market Development Middle East and Africa said, “As PayPal, we are happy to enhance our relationship with Equity for the better good of our customers. Whether you are an individual or a business, PayPal will enable you to get paid from over 200 countries and markets. PayPal account holders can now easily access their balances by withdrawing to their Equity Bank account. The significant reduction in settlement time simply means quicker access to funds for businesses reinforcing our commitment to supporting the growth of local MSMEs.”

Share On
Tweet

Related Posts

  • 4,404 Wings to Fly & Elimu Scholars attend Equity Group Foundation’s 16th education congress

    Makena Ndung'uAugust 19, 2025
  • Equity Group half year net profit improves by 17% to Ksh. 34.6 billion

    Makena Ndung'uAugust 11, 2025
  • Equity Bank partners with CFAO Mobility to offer 105% car loans to Kenyans

    Makena Ndung'uJuly 30, 2025
  • LOOP is now offering up to Ksh. 100,000 in quick 30 day loans to customers

    Makena Ndung'uJuly 24, 2025
  • IFC & Equity partner to offer Goldman Sachs business course to Kenyan women entrepreneurs

    Samson NderiJuly 21, 2025
  • NCBA unveils new digital loan offering up to Ksh. 1 million via its mobile app

    James WamathaiJuly 21, 2025

Archives

Trending

Safaricom Business hosts media forum to showcase enterprise technology solutions

August 26, 2025

Dry & warm conditions expected in Kenya & Horn of Africa in the next 3 months

August 26, 2025

Grounding of Dreamliners causes Kenya Airways to swing to a Ksh. 12B loss

August 26, 2025

Family Bank backs new KPL team A.P.S Bomet FC with Ksh. 2M sponsorship

August 26, 2025

Mastercard & Circle expand partnership for digital payments in Eastern Europe, Middle East & Africa

August 26, 2025

Smirnoff Fiesta is back on September 6 at Machakos Golf Club

August 26, 2025

The benefits of AI in healthcare extend far beyond improved patient care

August 26, 2025

Old Mutual half year net profit drops 99% to Ksh. 5 million

August 26, 2025

Samsung digital appliances get new IoT security certification from TÜV Nord

August 26, 2025

Johnnie Walker Blonde is now available in Kenya at Ksh. 2,800

August 26, 2025
  • About
  • Advertise
  • Contact
  • Privacy Policy
© 2018 HapaKenya Media Ltd. - All rights reserved