Through a ground-breaking partnership with local fintech company Paga, PayPal has officially launched in Nigeria, allowing millions of customers to easily receive foreign payments and access their savings in Naira for the first time in more than 20 years.
Nigerian users may now easily link their PayPal accounts to their Paga digital wallets thanks to the new integration, which makes it easier for them to receive money from PayPal-supported markets across the globe. Recipients can now shop with international PayPal merchants, withdraw these global earnings locally in Naira, or use the money for regular expenses like bill payment, bank transfers, or purchases using Paga’s integrated Visa card, establishing a genuine link between Nigeria’s domestic economy and global income.
In addition to enabling merchants to use PayPal’s global network of over 400 million users and broaden their reach globally, this breakthrough represents a significant milestone for freelancers, online entrepreneurs, and small businesses that have long relied on workarounds to process PayPal transactions.
In one of Africa’s fastest-growing digital payments markets, Paga and PayPal’s announcement today highlights a common commitment to improving financial inclusion and cross-border trade.
The agreement gives Nigerian small businesses and merchants access to PayPal’s extensive worldwide network of over 400 million users, enabling them to expand their operations and conduct international sales.
