E-commerce Gets Boost as PayPal Expands Payment Services to Nigeria

Business for online shopping websites in Nigeria such as Jumia and Konga as well as banks, is set to get a major boost with the decision by PayPal, an international e-commerce payment and money transfer platform, to enter 10 new countries this week, including Nigeria.

PayPal provides online payment alternatives for consumers via mobile phones or personal computers (PCs) in markets often blighted by poor banking penetration and financial fraud.

Rupert Keeley, the executive in charge of Europe, Middle East and Africa region (EMEA) of PayPal, the payment unit of eBay Inc, said in an interview yesterday that the expansion would bring the number of countries it serves to 203. Continue Reading