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.
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.