PayPal has revealed Nigeria is its second largest market in Africa. Malvina Goldfeld, Head of business development, sub-Saharan Africa at PayPal told ITWeb Africa that South Africa remains the company's highest market in Africa with over a million accounts, followed by Nigeria and Kenya.
"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," Goldfeld said.
According to the PayPal rep, the company is meeting the needs of millions of Nigerians that desire to engage in ecommerce on foreign platforms.
She said: "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.
"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."
While there are calls from many quarters for PayPal to allow Nigerians to be able to receive payments, the PayPal rep said such may happen over time but for now they are satisfied with just allowing Nigerians to make overseas payments.
"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," she told ITWeb Africa