Paypal moves deeper into Africa
I found out (to my pleasant surprise), while browsing through the Paypal website yesterday that the service is now accessible in more African countries. The recent expansion of Paypal is not limited to African countries but my focus is on Africa.
Hitherto, South Africa had been the only African country supported by Paypal. The popular online financial institution has now extended its services to Botswana, Cape Verde, Namibia, Togo and Tunisia, on the African continent. In all the six countries however, users can only send, and not receive funds via paypal.
This is good news for me, and I can only hope that they soon reach Ghana and Nigeria. I can only wonder, what their criteria for entering a country is. Egypt and Nigeria are amongst the biggest economies in Africa and Nigeria has a very good and dynamic banking system. Whatever qualifies Togo should have qualified Nigeria. :-s
According to CNET:
Founded in 1998, PayPal, enables any individual or business with an email address to securely, easily and quickly send and receive payments online. It serves as an electronic alternative to traditional paper methods such as checks and money orders.
PayPal has quickly become a global leader in online payment solutions with 100 million account members worldwide. Available in 103 countries and regions around the world, the company claims 14 million accounts globally, and total transactions of US$8.9 billion in the second quarter of 2006.
It’s all good.
Oct 24th, 2006 at 9:36 pm
I sometimes Wonder what prevents or hold back the Paypal Directors as well as Visa and Mastercard operators from introducing their businesses into the Nigerian Economy. The discrimination and sometimes blatant disregard for anything remotely connected to the name ‘NIGERIA’ is so obvious. We have a very long way to go inredeeming our economy and image.
Oct 27th, 2006 at 11:28 am
[...] Oluniyi David Ajao writes about PayPal expansion into Africa, “Hitherto, South Africa had been the only African country supported by Paypal. The popular online financial institution has now extended its services to Botswana, Cape Verde, Namibia, Togo and Tunisia, on the African continent. In all the six countries however, users can only send, and not receive funds via paypal.” [...]
Oct 27th, 2006 at 1:52 pm
It’s about time, but I don’t think Paypal are truly interested in Africa. Sooner or later, another company will recognize the potential of Africa in e-commerce and put up a platform that is truly African like mamamikes.com in Kenya
Oct 27th, 2006 at 9:25 pm
i had a bad dream,when i got up and went to see a friend there i was told jt west is dead.so painful i felt like something has just left me.his death is so painful and i prayer for God to grant him enternal rest in his kingdom.till we meet to part no more.Adieu,great friend,Adieu jt tom west.we will forever remeber u.
Jan 4th, 2008 at 9:03 pm
Hello
What’s the location of the paypal office in Namibia?
Jul 28th, 2008 at 11:29 am
@ Alex, I doubt if Paypal has a physical presence in Namibia.