Paypal recently announced it’s entry into 10 new markets, Nigeria included. Here if you missed it. But what does this mean for the fast growing tech market in West Africa? we know that for long many digital companies such as paypal have avoided countries like Nigeria due to the high fraud alert and activities, but until recent where we see more and more trusted companies investing in the region. I think it’s safe to say that paypal is there to stay.
Now that Paypal is officially available, what this means for many tech companies out of Nigeria is simply exaltation. they can all shout Halleluiah because now they’ll have more lenient access to collect and manage transactions online. Sites like Konga, Jumia, and other consumer product and services will definitely benefit from this move.