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PayPal Freezes and Blocks Kenyan Accounts over New Compliance and Verification Checks

Summary by technext24.com
PayPal has frozen funds and restricted access to an unknown number of Kenyan accounts after tightening its anti-money laundering and compliance checks, leaving freelancers, online sellers, startups, and small business owners unable to access money they have already earned. The company is asking affected Kenyan users who receive international payments to provide work contracts, bank statements, and proof of a physical home address to keep their a…
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Business Daily broke the news on Tuesday, June 2, 2026.
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