Finally as the ecommerce frenzy in the emerging markets like Nigeria is booming ,PayPal, a leading global payments provider, announced plans to introduce services into 10 new markets including Nigeria. As services go live, the people of Belarus, Cameroon, Côte d’Ivoire, Macedonia, Moldova,Monaco, Montenegro, Nigeria, Paraguay, and Zimbabwe will be able to register for a PayPal account and start making payments on millions of websites around the world without the worry of entering their credit or debit card details online. The addition of these markets will bring the total number of markets PayPal serves to 203.
“While technology is breaking down barriers to global commerce, many people are wary of entering their credit or debit card details on the website of an unknown seller, operating in a distant country,” said Rupert Keeley,senior vice president of PayPal Europe, Middle East and Africa. “Paying with PayPal provides peace of mind, because people never have to expose their financial information during the transaction.”
Today’s announcement also means that businesses of all sizes now have the opportunity to start accepting PayPal payments from buyers in these ten markets.
“From today, people in more than 200 markets around the world will have the option to pay with PayPal,” adds Keeley. “We plan to work with our customers to help them take advantage of the opportunity to offer a safer and easier way to pay in markets they may not have explored before.”
PayPal services will roll out across the ten new markets in the coming days. Once live, anyone with access to the Internet and a card authorized for Internet transactions by the issuing bank will be able to register for a PayPal account and start making payments.
For the Nigerian internet market this is a good development that has been long awaited.