PayPal and Paga have collaborated to launch a service in Nigeria, integrating account linking capabilities. This partnership allows users to utilize PayPal’s cross-border payment services via the Paga digital wallet.
This initiative lets customers access PayPal’s offerings through Paga, enabling them to receive international payments and withdraw money locally. It also benefits Nigerian merchants seeking to connect with PayPal’s global network and expand their business internationally.
New Services for Nigerian Customers
With this integration, users can use their PayPal accounts within the Paga ecosystem to manage their balances for everyday financial needs like card spending, transferring funds to local bank accounts, or paying bills and merchants. This creates a seamless connection between global earnings and local transactions, enhancing Nigeria’s financial landscape by fostering international trade, supporting small and medium-sized enterprises (SMEs), and bolstering the country’s digital infrastructure.
Through this collaboration, customers in Nigeria can link their PayPal accounts to Paga wallets to receive payments from PayPal-supported markets, make purchases with global merchants, and access funds whenever they need them. As Nigeria’s mobile wallet user base continues to grow, reaching 30 million active users by 2024, Paga is well-positioned to support PayPal’s operations, leveraging its local settlement network, digital wallet, and Visa card integrations for secure transactions.
To get started, users simply need to log into the Paga app or website, link their PayPal accounts, and begin receiving payments and spending as needed. PayPal aims to further collaborate with companies like Paga to help Nigerians manage their finances responsibly. The company sees this partnership as a way to strengthen the broader ecosystem by promoting local growth, financial inclusion, and digital economic engagement.
Paga welcomed the partnership, noting that it intends to assist freelancers, businesses, and customers in receiving international payments, selling online, and shopping globally. This move makes it easy and secure for users to access and utilize global funds locally.
