Nigeria
is PayPal’s second largest market in Africa, says Malvina Goldfeld,
PayPal’s Head of Business Development in Sub-Saharan Africa.
With
over a million accounts, South Africa remains PayPal’s largest market
in Africa. Following Nigeria, is Kenya, PayPal’s third largest market in
Africa.
“We
are very happy to see that PayPal has been widely-welcomed by Nigerians
since the launch of the service in the country last year,” Malvina
Goldfeld said.
According
to Goldfeld, PayPal is meeting the needs of millions of Nigerians that
choose to perform e-commerce transactions on foreign platforms.
“There
are millions of people in Nigeria who are eager to engage in online
commerce and our goal is to help them make payments more easily and
securely. Currently, we offer Nigerians the opportunity to register for
free for a PayPal account to make payments on overseas websites,” she
said.
“Over
time, we plan to expand our service offering in Nigeria to include
services that will lead to better experiences in online and mobile
payment methods in Nigeria,” Goldfeld added. Currently, PayPal’s
services in Nigeria are limited to enabling Nigerians to make payments
abroad. The ability to receive payments in Nigeria via PayPal are
currently unavailable, even though there has been widespread expressed
demand for this PayPal service. Malvina Goldfeld did not specify when
the ability to receive payments in Nigeria will be available on the
PayPal platform.
“Nigeria
is a very interesting market and over time we may expand our presence,
but for now we are satisfied to help Nigerians register for free for a
PayPal account and make payments on overseas websites,” Goldfeld said.
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