Today I came across a very interesting new service: NationHela.
So what is NationHela? According to them:
NationHela is a new, simpler and more convenient international money transfer service that allows you to receive money, from anywhere in the world, straight to your NationHela prepaid Visa card and mobile phone. A prepaid card is one in which you need to load money first in order to use and therefore keeps you in total control of what you spend. A prepaid card is different from a debit card or credit card in that it is not linked to your bank account nor can you spend money that you don’t have. Just like carrying cash in your pocket, you only spend what you have, but in a safer and more convenient way.
The NationHela card is available in Kenya at DTB branches, NationHela agents and at Nakumatt supermarkets. Individuals based in the diaspora will be able to log in here to send funds directly to a Kenyan NationHela account.
You can also top up your account in Kenya at any NationHela agent location or through M-PESA. All funds in your NationHela account are accessible through your NationHela prepaid VISA card or your mobile phone.
The most interesting thing about NationHela?
Simply log on to www.nationHela.com and send money home instantly from your Paypal account, Debit or Credit Card ( Inclusive of Visa, Mastercard and Amex).
Could this mean that one can finally easily withdraw from PayPal Kenya? Dear readers, has anyone of you tried this method to withdraw from PayPal?
Update: An interesting point of view by J. Nyagudi:
Think of it this way.
I’m a Kenyan and I want to withdraw through Paypal, so I take a trip
to London and open an account with XYZ bank in London, and have a visa
card attached to it. I then tell the bank that I will be using the
VISA card on international ATM’s POSs etc. I also open up (or update)
my Paypal account to confirm the bank for withdrawals and so on and so
I then take the 8 hour flight back to Nairobi with visa card on hand.
From then whenever i want to withdraw i just “push” to my UK bank
account which i can withdraw from any visa ATM here in Kenya.
Now parter that bank with a bank here; so that it can issue visa cards
on behalf of the UK bank (long distance agency banking) (look closely
at the BIN of the card), DTB is here to make the CBKs here happy, and
as they always say, talk to a bank, if they are happy we are happy
since we regulate them.
and there you have it