Nigeria has huge e-commerce potential – PayPal

Global e-payments company PayPal believes Nigeria has huge e-commerce potential both locally and internationally.

HumanIPO reported last month PayPal had become available in ten new markets, with Nigeria and Zimbabwe added to the platform to take the number of markets it operates in to 203, with the company confirming it had partnered with FirstBank in Nigeria.

According to Efi Dahan, PayPal regional director of Sub-Saharan Africa and Israel, the company is in Nigeria to help Nigerians realise the dream of making international transactions.

He said the potential of e-commerce in Nigeria is evident in the thousands of accounts that were opened in Nigeria following the addition of the country to PayPal’s operating markets.

“Within a few weeks after we announced our operations in Nigeria, thousands of Nigerians have already opened accounts, which is a very positive feedback,” he said.

He expressed the commitment of the company to the growth of the e-commerce market in Nigeria.

Corroborating Dahan, Bisi Onasanya, group managing director of FirstBank Nigeria, said the huge potential of e-commerce in Nigeria has made it impossible for the country to be isolated.

“It is no longer possible for Nigeria to be isolated; it is now important that people’s desire for online purchases underscores necessity for internationally acceptable e-payments,” Onasanya said.

Image Courtesy of Shutterstock




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