PayPal freezes, blocks Kenya accounts in money-laundering fears

 A PayPal sign is seen at its headquarters on January 30, 2024 in California, USA.

Photo credit: File | AFP

Global payments giant PayPal has frozen money in an unknown number of Kenyans’ accounts and permanently banned other users over failure to prove their employment and residential details.

The company has been demanding that Kenyan users receiving money from overseas give details of their contracts for the work being paid for, bank statements and proof of their physical addresses to access their money.

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