Advertise with fastmoving.co.za
 
 

FirstBank, PayPal partner to encourage online shopping in Nigeria
FirstBank, PayPal partner to encourage online shopping in Nigeria

FirstBank, PayPal partner to encourage online shopping in Nigeria

SERVICES NEWS

Vanguardngr.com - Jul 24th 2014, 09:11

FirstBank Limited and global payments provider, PayPal, have announced a partnership to encourage Nigerians to shop online. 

PayPal is a global payments provider with 148 million active accounts in 203 markets.

The partnership with FirstBank will allow customers of the bank to register for a PayPal account from their FirstOnline, Internet-banking account.

“By linking FirstBank-issued debit, prepaid or credit cards to their new PayPal account, FirstBank customers can shop and pay on millions of websites around the world from their PCs, tablets or smartphones, without having to share their financial information with the seller”, explained Chuma Ezirim, Head of E-Buisness, FirstBank.

“Through this partnership, FirstBank customers gain a unique advantage as their PayPal account will receive automatic verification and increased transaction limits, making it even easier to start making online or mobile payments”, he added.

Commenting on the partnership, Efi Dahan, PayPal’s Regional Director for Africa and Israel, said; “Millions of Nigerians already shop on websites in the US, UK or China, but many find that 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”.

“This exclusive partnership with FirstBank is a major milestone in PayPal’s Africa growth story and we hope to make more announcements together in the future as our partnership develops.”Dahan stated.

According to FirstBank spokesperson, Folake Ani-Mumuney, “The acceptance of FirstBank Cards for making PayPal payments is 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. This partnership will provide convenience for our customers planning their summer shopping. FirstBank cards are accepted in over 200 countries and on millions of PoS terminals and ATMs around the world.

This partnership with PayPal provides further unique benefits to FirstBank customers,” she added.

“We are delighted to be able to bring PayPal to all our customers in Nigeria in a partnership that is consistent with our drive to support the push towards a cashless society in Nigeria and lead innovation in development of secure online payment systems.From © 2014 Vanguard Media Limited, Nigeria 

Read more about: paypal | online shopping | nigeria | firstbank

Related News

What does the Retail Customer of the Future look like?
13/11/2019 - 09:28
Today’s retailers face a difficult challenge. Online shopping is attracting consumers to the convenience of desktop browsing, and away from the buzz of brick and mortar stores.

Black Friday could cost careless shoppers dearly
12/11/2019 - 09:38
SA consumers risk paying a lot more than they bargained for if they are careless when shopping online this Black Friday, warns Fortinet.

The tug-of-war between physical and digital shopping
21/10/2019 - 10:59
In March of 2019, Soumen Ghosh, a visiting US professor of operations and supply chain management, delivered one of the business world’s more earth-shattering lectures on disruptive technologies at the Gordon Institute of Business Science in Johannesburg.

Retail apocalypse narrative might be over-exaggerated
14/10/2019 - 13:55
There are two sectors on the JSE that have fallen out of favour - Property and Retail.

How retailers can boost their bottomline? Invest more in their front-line “brand ambassadors”
03/10/2019 - 11:37
Most shopping still happens in-store rather than online, but it is clear that online shopping is a significant growth engine, so stores need to do more to drive footfall. Respondents to Zebra’s 2019 Shopper Vision Study said the top two factors that get them to spend more time in brick-and-mortar stores are product availability and helpful store associates.