For a while now, PayPal has allowed ecocash users to “buy” within the online payment platform. However, I today, Ecocash has announced that users can now transfer from their PayPal to Ecocash wallets.
With this major move to allow PayPal into its ecosystem,Ecocash becomes the first wallet to make a bold move market. Stay tuned as we continue to cover further PayPal and Ecocash news and updates.
Below is the FB post from Ecocash :
“Leveraging our Hub partnership with Thunes, we are excited to add Xoom, a PayPal money transfer service, to our growing number of remittance partners to Zimbabwe,” an EcoCash spokesman said.
This means any Zimbabweans in the diaspora with a PayPal account will now be able to send funds directly to the EcoCash USD wallet.
“Anyone with a PayPal account can now simply logon to the Pay Pal Xoom service, using their PayPal credentials, and be able to instantly send money to their family or friends on EcoCash USD wallet from wherever they are around the world,” the spokesman said.
So, what does that mean for users? What does it mean for PayPal? What does it mean for Ecocash?