MY BANK FirstBank Strikes Gold In Strategic Payment Partnership With Paypal!!!
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As the ecommerce space in Nigeria continues to experience tremendous growth, global payments service provider, PayPal and FirstBank have partnered to bring their service even closer to the people, with First Bank Cards now acceptable for PayPal payments and increased transaction limits just one of the benefits offered.
“We really like the huge potential of this market; 180 million people, 65 million internet consumers,” Paypal’s according to ventures africa
Regional director of Sub-Saharan Africa and Israel, Efi Dahan told VENTURES AFRICA.
Dahan added that the company had also learnt about how large and fast-growing the e-commerce sector in Nigeria is, which made it imperative for PayPal to ensure it offers the best services in the market and seek the kind of partnership it now has with FirstBank.
FirstBank spokesperson, Folake Ani-Mumuney described the acceptance of FirstBank Cards for PayPal payments as “a significant boost to our continuous initiative to drive innovation in banking services and our promise to always put customers at the heart of our business.”
Reiterating the focus on e-commerce, Ani-Mumuney said the new partnership will make shopping online more convenient, with FirstBank cards accepted in more than 200 countries.
She also expressed delight at the bank’s ability to make PayPal services available to its customers in Nigeria in a partnership Dahan said would not be replicated with any other bank in the country.
FirstBank GMD, Bisi Onasanya also described PayPal as a worthy partner as the bank seeks to expand its scope in e-commerce and money transfer subsector.
With online purchases expected to increase to over $1 billion in 2014, FirstBank has staked a claim to penetrate the e-commerce market with its PayPal partnership and it is expected to become one of the biggest beneficiaries of the sector boom.
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