First Bank, Paypal seal groundbreaking deal




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FirstBank has become only financial partner PayPal in partnership will enable FirstBank holders and businesses enjoy increased transaction limits, receive instant verifications, make  online payments and transfer funds across world in 193 countries and regions globally.

This synergy between FirstBank and PayPal bank an edge over other institutions  in which have  access to PayPal .  FirstBank -banking customers can a PayPal account from their FirstOnline account and use their FirstBank debit or credit to shop and pay online on millions websites around the world from their PCs or smartphones, without having to share their details with the seller and with the added reassurance PayPal Buyer Protection.

According to  FirstBank spokesperson, Folake Ani-Mumuney “The acceptance FirstBank Cards on PayPal is a significant to our continuous initiatives to drive innovation in banking services and as part of our promise to always put customers at the heart of our business.

“The partnership will provide convenience for our customers planning their summer shopping or carrying out money transfers across our various alternative channels.

“FirstBank cards are accepted in over 200 countries and on millions of POS terminals and ATMs around the world. This implies FirstBank Cardholders are never stranded in any part of the world where they decide to shop or do business.”

She added “We are delighted to be able to bring PayPal to all our custormers in in a partnership  is consistent with our drive to support the push towards a cashless society in   and  lead innovation in development of secure online payment systems.  For all FirstBank customers opening a Paypal account using our FirstOnline   is faster, easier and will only take a few minutes, as the customer has already been verified by FirstBank.”

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, or China, but many find their card is 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.

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

Once registered with PayPal, Nigerians have the option to pay for a variety of products and services online, thereby joining over 200 markets around the world who already use PayPal. PayPal can be used to pay for digital subscriptions, games, music or services and for travel. To pay with PayPal, account holders provide sellers with their email address and  either a password or mobile PIN. PayPal then authorizes the payment based on available funds and eligible purchases are covered by PayPal Buyer Protection. (The Herald)

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