Nigerian commercial bank FirstBank Nigeria has partnered with PayPal to allow its customers to register for a PayPal accounts from their FirstOnline, Internetbanking account.
The PayPal account will enable Nigerians to shop online without having to share their financial information with the retailers.
FirstBank customers will gain a unique advantage as their PayPal account will receive automatic verification and increased transaction limits, making it easier to make online or mobile payments.
Bisi Onasanya, Group Managing Director at FirstBank, said: “It is equally noteworthy, as it syncs with FirstBank’s enhanced service solutions for its SME, e-business, mobile banking and Online banking customers. I am happy to also note that we are consummating this significant partnership in a historic year when FirstBank is celebrating 120 years of doing business in Nigeria.”
According to Onasanya, FirstBank is optimistic that the joint venture with Paypal would make far-reaching impact on the lives of its invaluable customers in particular and the entire people of Nigeria in general.
“In expanding our scope in the e-commerce and money transfer sub-sector, we have carefully identified PayPal due to its pedigree and robust success, achieved since inception 12 years ago, as a major consumer-to-consumer remittance company worthy of our partnership,” he added.
PayPal’s Regional Director for Africa and Israel, Efi Dahan, said: “Millions of Nigerians already shop on websites in the US, UK or China, but many find their cards are rejected or have concerns about entering their credit card details on the website of a seller based overseas.
“PayPal is used by hundreds of millions of people around the world to make international payments because PayPal payments are trusted by international retailers and we don’t share your financial details with anyone.