By Babajide Komolafe

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