Nigeria is PayPal’s second largest market in Africa

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.

Advertisements

About Indo Africa Times

Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.

Posted on March 16, 2015, in Wassup Africa. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: