Chioma needs a fast means to get her teeming customers pay for her tailoring services online. She had tried several medium until a friend told her about FirstBank’s e-commerce offerings.
With its FirstBank’s partnership with Paypal, the bank offers its customers a gateway to seamless e-commerce payment option to shop anywhere in the world.
Speaking at the launch of the Paypal e-commerce Payment Solution on Wednesday, Bisi Onasanya, chief executive officer, FirstBank, said the bank is driven by the quest to provide the best financial services possible to its customers. And he is optimistic that this venture with Paypal will make far-reaching impact on the lives of our invaluable customers in particular and the entire people of Nigeria in general.
According to him, it is necessary at this time of accelerating e-commerce evolution in Nigeria and it is equally noteworthy, that it is in sync with FirstBank’s enhanced service solutions for its SME, e-business, mobile banking and online banking customers.
“First Bank is celebrating 120 years of doing business in Nigeria,” explained Onasanya. “Ours has been a continuously exciting journey highlighted by a remarkable and enduring legacy of unparalleled development and sustainability. We are indeed proud to have built a heritage brand easily recognisable for its dependability, dynamism, stability, longevity and innovation.”
He also explained that FirstBank has progressively and systematically established diverse operations in the Nigerian financial services industry, with over 750 widespread service outlets, enabling its emergence as the foremost financial services provider in Nigeria. “I am especially delighted that our subsidiaries, within and outside the country, are making enormous contributions to the growth and development of their national economies, to the delight of all our stakeholders.
“In expanding our scope in the e-commerce and money transfer subsector, we have carefully identified PayPal due to its pedigree and robust success, achieved since inception 12 years ago, as a major consumer-to-consumer remittance company worthy of our partnership,” he said.
He further said the pedigree of Paypal, clearly one of the world’s leading e-commerce payment platforms, has developed a fast, reliable and secure system, with expansive global operations. In the rapidly globalising world, an e-commerce payment solution requires the energizing competitive environment presented by a rapidly growing company like PayPal, with quite impressive growth statistics, enabling its customers to send, receive, and hold funds in 26 currencies across 203 markets globally.
Efi Dahan, PayPal’s regional director for Africa and Israel also said of the partnership: “Millions of Nigerians already shop on websites in the US, UK or China, but many find 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 said.
Once registered with PayPal, Nigerians can pay for a variety of products and services online, thereby joining over 200 markets around the world that already use PayPal.
PayPal can be used to pay for digital subscriptions, games, and music or video services and for travel. To pay with PayPal, account holders provide sellers with his/her email address and a password. PayPal then authorizes the payment based on available funds and eligible purchases are covered by PayPal Buyer Protection.
IFEOMA OKEKE
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