#Transfer From Mpesa To Equity Bank
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How To Transfer Fund From Mpesa To Equity Bank Via Equity Paybill Number
If you are looking for a way of transferring money from your Mpesa account to an Equity bank account, you are at the right place, I will show you how to do this with Equity paybill number. This method makes it possible for you to deposit money into your Equity Bank account, and pay for bills and utilities. Before the development of this system, Kenyans who would wish to deposit money into their…
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Deposit Money from Mpesa To Equity Bank
Deposit Money from Mpesa To Equity Bank
Equity Bank of Kenya’s Lipa na M-Pesa PayBill number is 247247. Their mobile banking service is dubbed Eazzy 247 thus the PayBillnumber 247247. Here are the steps on How to Deposit Money from Mpesa To equity Bank is as follows Go to M-Pesa menu on your phone, select “Lipa na M-Pesa”Select “Paybill”Select “Enter business no.” and enter the 247247 as the business no and press “OK”Select “Enter…
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How to get money out of a betting site in Kenya
Kenyans who bet can get their money out of their betting accounts in the following ways:
Mobile Payments
This is the preferred method of getting your money back since it uses either "Airtel Money" or "Mpesa" from Safaricom or "Mpesa". Both international and local bookmakers have their own menus that allow customers to choose this method of payment.
You can select the amount of money that you want to withdraw from your account and the type of mobile wallet that you want to use. After completing the transaction, the money is sent to your mobile number and you receive a text message.
Read our review of Odibets Kenya to see an example of how to make a withdrawal using a mobile payment.
Credit and debit cards
To withdraw money from your account, customers can use either Mastercard or Visa bank cards. The process usually takes less than two hours, though it can take up to 24 hours depending on the situation. To use this option, customers must first sign up with the bookmaker and provide their card details.
Bank transfers/EFT
This method will allow you to withdraw money from your bank account directly to your bank account. Some of the banks that accept this method include Equity Bank, ABSA, and Stanchart. Before you can use this option, you must first tell the bookmaker about your bank or debit card.
Currently, Melbet Kenya only allows one method to withdraw money from its accounts. The good news is that this is the most common payment method used by Kenyans to gamble. They can use the mobile money service known as "Mpesa" to withdraw their Melbet Kenya funds.
The process of withdrawing money using "Mpesa" is very simple and quick. It only takes a few minutes to complete the transaction, and the money will be deposited into your mobile wallet.
MOBILE MONEY
Mpesa: Minimum of 100,00 RUB, 1.5 USD, 1.5 EUR, or 9.00 TRY; Instant; No Service Fees
melbet kenya withdrawal options
HOW TO WITHDRAW USING MPESA
Here are the steps to take when you want to withdraw money from Melbet Kenya using Mpesa:
Melbet Kenya lets you get into your account.
Click on "Payments" and then "Withdrawal."
Choose "Mpesa" as the way you want to get your money.
Type in the amount you want to take out.
Confirm your Mpesa mobile number
To finish the transaction, click "Withdraw."
In a few minutes, the money will be in your Mpesa account.
To withdraw funds, use the Melbet mobile application: http://melbetskenya.com/app/
E-wallets
If a bookmaker allows you to pay with an e-Wallet, then you can transfer money from your account to your e-Wallet. To use an e-Wallet, go to the bookmaker's website and select the one that you want to use. The transaction takes place immediately, and there may be a fee involved. Some of the popular e-Wallets in Kenya include Neteller, PayPal, and Skrill.
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How to Transfer Money to Equity Bank Account via Mpesa
How to Transfer Money to Equity Bank Account via Mpesa
Equity bank is arguably one of the biggest banks in Kenya and has a large pool of clients. The Equity Bank Account has its own Mpesa pay bill number that you can use to easily deposit funds into their accounts. To use this service, you need the equity pay bill number and an Equity bank account. How to Send Money from Mpesa to Your Equity Bank Account Sending your funds using the Equity pay bill…
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Remittance Market Share, Emerging Technologies and Growth Rate Analysis to 2022
Global Remittance Market is expected to witness lucrative growth over the forecast period owing to rising employment level, increasing global population base, continuous climbing migrant population and enhancing global economic development. In addition, the unstable remittance cost, correlation between remittance and foreign exchange rates, impact of it on education, health and poverty and, wide portfolio of its services also anticipates the development of this market. Also, the payment cards, mobile money payment and, number of electronic payment service providers that offer over the counter payments are increasing rapidly.
The introduction and innovation in technologies are helping to lower the cost of remittance. This factor is expected to anticipate the market growth over the decade. The online and mobile money transfer system provides new opportunities for more cost effective means of sending money. Mobile money transfers services such as MPesa have changed the landscape for domestic remittances in many African countries. MPesa is a mobile phone based money transfer service for Safaricom which is Kenya’s largest mobile network operator. With the help of this facility, low income people of Kenya can use their mobile phones for transferring their money from person to person. Also, mobile transfer operators have partnered with mobile wallet providers and mobile network trade associations so as to boost their competitive advantage.
Access Remittance Market Report with TOC @ https://www.millioninsights.com/industry-reports/remittance-market
Another factor having a positive impact on remittance market is public sector initiatives so as to reduce the cost of remittance. The Federal Reserve Bank of the U.S in partnership with Banco Rendimento, Banco de Mexico and Microfinance International Corp. offered an “account to receiver” service. This service helps the customers in the U.S to send money to their relatives who do not possess a bank account in Mexico and other 10 Latin American countries. Remittance industry contributes to economic growth and livelihoods of people across the world. The money transferred by the foreign migrants to their home countries is expected to contribute as the second largest financial inflow to the respective nations. It acts as a key source of funds in emerging countries, far beyond official development support and even foreign direct investment and, are proven to be more secure than private debt and portfolio equity flows. Furthermore, in money receiving countries, this industry promotes economic dependence on the global economy instead of building defensible local economies.
Remittance channel comprises of sender, receiver, intermediates in both the countries and payment interface used by the intermediates. The market on the basis of components, is segmented into remittance corridors, remittance service providers, money transfer system and, remittance network. On the basis of ways, a network of access points is created or connected, market is segmented into franchised services, unilateral services, open services and negotiated services. According to the World Bank data, in 2013, over 38% of international migrants migrated from developing countries to other developing countries and around 34% moved from developing countries to developed countries. In 2015, remittances to emerging countries were expected to be $435 billion with a modest growth of 2% from last year.
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is estimated to dominate the market due to continuous growth in GDP and increasing new and developing technologies. In 2014, the U.S was the largest remittance source country with an estimated outflow of $56 billion. Asia Pacific is expected to witness fastest growth over the coming six years owing to increasing number of workers, high disposable income levels and rising population base in this region. In 2015, this region was amounted to $129 billion while outflow accounted for $24 billion in 2014. The source of emigrant countries includes China, Vietnam, Indonesia, Philippines and Myanmar. In this region, India was considered to receive the largest remittance with an estimated $72 billion followed by China around $64 billion.
Request a Sample Copy of Remittance Market Report @ https://www.millioninsights.com/industry-reports/remittance-market/request-sample
Migrants from Latin America and Caribbean region were approximately 32.5 million out of which around 85% were living in Organization of Economic Cooperation and Development countries (OECD). Remittances to this region amounted to be $67 billion in 2015 and outflow were $6 billion in 2014. Migrants from Middle East and Africa region were 23.9 million and nearly 38% of whom were living in OECD countries and, 31% were living within this region.
The major player in this market include The World Bank, Western Union Company, Euronet worldwide Inc. and, MoneyGram International Inc.
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Setting up PayPal in Kenya - Step by Step instructions
Check this out https://bizanosa.com/setting-up-paypal-in-kenya/
Setting up PayPal in Kenya - Step by Step instructions
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Update 2018 : You can now withdraw from Paypal to Mpesa and top up PayPal via Mpesa. Read how to withdraw into both equity and Mpesa here
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Update 2017:
Hey there genius, PayPal COMPLETELY updated their website. So this post is History .
If you know what you are doing, the steps are still valid
Head over to the Create a PayPal Update . It is a video you can watch.
And I also have the download links for it on that page. Simple stuff.
>>>>>>>>>>
In Brief (Sourced from Equity bank Paypal site):
1. Sign up and verify your PayPal account
Sign up and verify your PayPal account in order to receive payments online.
Go to www.paypal.com/ke
Click on ‘Sign Up’
Select the PayPal Account
Complete the required information and create your account
Confirm your email address
Verify your PayPal account by clicking on ‘Get Verified’ and then linking a credit or cheque card
2. Link your Equity Bank Account
Funds can be withdrawn from PayPal Account to Equity Bank transactional accounts in KES, USD, GBP, or EUR excluding credit cards. If you already have an Equity Bank Account, Click here to link your Equity Bank Account to your PayPal Account.. You can now withdraw from PayPal to Mpesa. Read more on how to withdraw from Paypal.
If you do not have an Equity Bank Account, it’s easy to open one:
Within Kenya Dial *247# from your phone to open an Account instantly
Outside Kenya Click here to open your Account
* Ensure that the e-mail on your Equity Bank Account and PayPal Account are the same.
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OLD Post :
First of all what is PayPal? In the simplest and most comprehensive words, PayPal enables money transfers over the internet. PayPal enables you to make payments and also receive payments online. To read more about how Peter Thiel and his co-founders founded PayPal in 1998 (then Confinity ) and later sold it to eBay in 2002, feel free to read the PayPal Wikipedia page here.
In Kenya the one bank that directly supports PayPal withdrawals is Equity Bank (if there are others share with me in the comments below). So if you are looking to serve without boundaries you should set up your PayPal account and get it active using Equity bank. I will give you the step by step process here. You may skip the PayPal registration part in case you already have a PayPal account.
You should also consider opening a Payoneer Account if you don’t have one
Registration on PayPal
1. Head over to paypal.com and click on Sign Up .
PayPal Homepage
2. As an individual click on open an account as indicated on the image below.
Individual PayPal Account set up
3. On the next page fill all fields with your accurate information. Point to note here, use your true email because it is the way through which you will accept payment and send payments. You will also need to confirm your email so ensure you can access the email you use here.
4. On the next page input the Captcha and hit next
5. On the next page PayPal will ask for your card details. If you already have an equity debit card (ATM card) you can input the number, if you do not, then skip this step by clicking on Go To My account, which is visible below the form.
6. You shall be directed to your account
View of the PayPal Account on Signing in
First step, confirm your email. Log into your email provider (Gmail, yahoo etc), you will see a “Welcome to PayPal” email. There may be a link to confirm your email or not.
Next…
How to Confirm your PayPal Email
If the email you receive from PayPal . does not have a confirm button, then ,you will need to copy (Ctrl + C) the confirmation code which has been sent in the email and activate your email manually as explained below.
1 . Back on your PayPal account click on Confirm Email Address on the right side of the screen. As highlighted in the screenshot.
Where to confirm your email Address on your PayPal Account
2 . On the next page click on the link that says something like ‘click here if there is no button’ . (I have no screenshot for this. This because my email had the activation link. I therefore have no clear picture of what exactly the words are.) . However , on the same page on the third or fourth line you will see the blue text link. Click on it.
3 . On the next page you will see an input box where you will be asked for the confirmation code you received in your welcome email. Paste (Ctrl + V) the code there and hit enter.
Your email has been confirmed. On the next page you will be asked to create a security question, do so.
How to Link your Equity Card with PayPal
This part assumes that you already have an Equity Bank account and an Equity Debit card (commonly referred to as the ATM Card) Nonetheless, be at liberty to read on even if you lack one.
1 . On your PayPal account click on link and confirm my debit/credit card .As highlighted on the image below :
2 . On the next page add your card details. Points to note :
>Either Visa or MasterCard is okay (check your card to see which logo is there on the front of the ATM card).
>Your card number is the 16-digit ATM card number clearly written on the front of your equity bank card.
>TheSecurity code is the last three digits at the back of your debit card.
Once you have entered all the right information accurately, click Continue.
3 .
Ensure your bank account has at least KES200 which will be charged by PayPal to ensure your account’s validity. The Money shall be refunded to you. This is what is indicated by PayPal:
After you click Continue, we’ll charge this card $1.95 USD or equivalent to make sure it’s yours. We’ll refund the money into your PayPal account within 24 hours after you confirm your card.
4 . Check with your bank after 24 or 48 hours and ask for your ATM statement, you need the transaction code. Wherever branch you get your statement from ,ask them whatever questions you may have.
5 . Go log into your PayPal account . Click on link and confirm my debit/credit card, follow the steps, confirm the transaction code and finish setting up.
Once you are done with all these you are ready to sell and buy online, of course you have to deposit money into the bank account.
PayPal currently does not allow for directly adding funds to your PayPal account from Equity Bank, so what happens when you buy anything online or via PayPal? They will charge to your bank account and credit the sellers.
For Merchants (Sellers) PayPal transaction fees are 2.4% to 3.4% + $0.30 USD .
You can add as many cards as you want. To edit your card details go to Profile > My Money.
You can now sell and buy online using PayPal. You can head over to your favorite Freelance Website and sign up and activate your PayPal and start earning online.
You are welcome to Leave your comment.
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Update: Hey there genius, PayPal COMPLETELY updated their website. So this post is History .
Head over to the Create a PayPal Update for 2016 . It is a video you can watch.
And I also have the download links for it on that page. Simple stuff.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
You should also consider opening a Payoneer Account if you don’t have one
Update 2017:
Hey there genius, PayPal COMPLETELY updated their website. So this post is History .
If you know what you are doing, the steps are still valid
Head over to the Create a PayPal Update . It is a video you can watch.
And I also have the download links for it on that page. Simple stuff.
>>>>>>>>>>
0 notes
Text
Remittance Market Size, Industry Chain Analysis Report 2022
Global remittance market is expected to witness lucrative growth over the forecast period owing to rising employment level, increasing global population base, continuous climbing migrant population and enhancing global economic development. In addition, the unstable remittance cost, correlation between remittance and foreign exchange rates, impact of it on education, health and poverty and, wide portfolio of its services also anticipates the development of this market. Also, the payment cards, mobile money payment and, number of electronic payment service providers that offer over the counter payments are increasing rapidly. The introduction and innovation in technologies are helping to lower the cost of remittance. This factor is expected to anticipate the market growth over the decade. The online and mobile money transfer system provides new opportunities for more cost effective means of sending money. Mobile money transfers services such as MPesa have changed the landscape for domestic remittances in many African countries. MPesa is a mobile phone based money transfer service for Safaricom which is Kenya’s largest mobile network operator. With the help of this facility, low income people of Kenya can use their mobile phones for transferring their money from person to person. Also, mobile transfer operators have partnered with mobile wallet providers and mobile network trade associations so as to boost their competitive advantage.
Browse Full Report With TOC @ https://www.millioninsights.com/industry-reports/remittance-market
Another factor having a positive impact on remittance market is public sector initiatives so as to reduce the cost of remittance. The Federal Reserve Bank of the U.S in partnership with Banco Rendimento, Banco de Mexico and Microfinance International Corp. offered an “account to receiver” service. This service helps the customers in the U.S to send money to their relatives who do not possess a bank account in Mexico and other 10 Latin American countries. Remittance industry contributes to economic growth and livelihoods of people across the world. The money transferred by the foreign migrants to their home countries is expected to contribute as the second largest financial inflow to the respective nations. It acts as a key source of funds in emerging countries, far beyond official development support and even foreign direct investment and, are proven to be more secure than private debt and portfolio equity flows. Furthermore, in money receiving countries, this industry promotes economic dependence on the global economy instead of building defensible local economies.
Remittance channel comprises of sender, receiver, intermediates in both the countries and payment interface used by the intermediates. The market on the basis of components, is segmented into remittance corridors, remittance service providers, money transfer system and, remittance network. On the basis of ways, a network of access points is created or connected, market is segmented into franchised services, unilateral services, open services and negotiated services. According to the World Bank data, in 2013, over 38% of international migrants migrated from developing countries to other developing countries and around 34% moved from developing countries to developed countries. In 2015, remittances to emerging countries were expected to be $435 billion with a modest growth of 2% from last year.
View Sample Copy Of this Report @ https://www.millioninsights.com/industry-reports/remittance-market/request-sample
#Remittance Market Status#Remittance Market Sales#Remittance Market Cost#Remittance Market Survey#Remittance Market Outlook
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