PayPal storms Nigeria this week!

PayPal, an international e-commerce business allowing payments and money transfers to be made through the Internet, is entering Nigeria and 9 other countries this week.

When i was browsing through the internet this evening, I saw a news headline by Reuters which says ‘PayPal expands payment services to Nigeria, 9 other markets’. I was wondering how true this could be, before a friend called me to confirm the genuineness of the news. :lol:

According to Reuters, PayPal is entering 10 new countries this week, including Nigeria, providing online payment alternatives for consumers via mobile phones or PCs in markets often blighted by financial fraud.

“PayPal has been going through a period of reinvention, refreshing many of its services to make them easier to use on mobile (phones), allowing us to expand into fast-developing markets,” Keeley said.

Five European markets – Belarus, Macedonia, Moldova, Monaco and Montenegro, four in the African nations of Nigeria, Cameroon, Ivory Coast, and Zimbabwe, as well as Paraguay will gain access to PayPal global services this week.

Once the services go live, customers in the 10 countries with access to the Web and a bank card authorized for Internet transactions will be able to register for a PayPal account and make payments to millions of sites worldwide.

Source: Reuters