Once upon a time it was virtually impossible to buy goods
online or pay for any service on the web if you were in Nigeria.
As Nigerians woke up to the development of e-commerce,
various payment options began to emerge to make things easier but we still
didn’t have one payment method for Nigerians accepted everywhere
Now we finally have an online payment solution accepted all over
the world, courtesy of a new strategic partnership between First Bank of
Nigeria and PayPal.
This partnership which is a milestone in PayPal’s Africa
growth story, has the sole purpose of putting stakeholders at the heart of
their business as FirstBank customers can now pay and get paid globally; in a
manner that is seamless, secure and convenient
This is BIG! PayPal has over 148 million accounts in 26
currencies spread over 203 markets around the world; while FirstBank is a
leading Nigerian commercial bank with over 750 branches across Nigeria with
cards accepted in over 200 countries and on millions of POS terminals and ATMs
around the world.
The arrival of PayPal in Nigeria allows PayPal connect
Nigerians to merchants from Asia, North America, Europe and beyond. So
finally we can do online transactions on almost every site (since PayPal is a
popular global online payment platform anyway), however PayPal accounts have a
transaction limit of about $250 until the account is verified. This is where
FirstBank comes in!
The
FirstBank Advantage
Creating a PayPal account through
FirstBank means the account will be immediately verified, giving customers more
freedom to transact. This partnership is exclusive to FirstBank and therefore
has an edge over other institutions in Nigeria which have access to the PayPal
platform
Getting a PayPal account via
FirstBank is simple. Simply open a FIrstBank account and register for the
online banking platform, FirstOnline. Once you log into FirstOnline, you can
create a PayPal account from there and select what cards you wish to link to
your PayPal account.
In the end, this means FirstBank
customers can shop and pay on millions of websites around the world from their
PCs and smartphones in a fast and easy way without having to reveal their card
detailswith the added reassurance of PayPal Buyer Protection.
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