Paypal is probably the biggest online money payment or transfer service in the world but it’s pitiful when you examine the fact that it almost doesn’t function in Africa. Founded in 1988, it’s one of the first companies to start online payment services functioning in more than 200 countries worldwide.
However, there are only a handful of African countries in the more than 200 countries list that PayPal functions in. No official reason has been made by PayPal yet but this is likely because of security issues with the banking structure in most African countries.
PayPal Partnership with Flutterwave
This partnership allows African business owners to transact with PayPal users all over the world. PayPal users anywhere in the world can now pay African merchants directly on the Flutterwave merchant’s checkout page via the “Pay with PayPal” link.
According to a statement from Flutterwave, the partnership is widely operational across 50 African countries i.e Kenya, Egypt, Morocco, Senegal, South Africa, and so on.
“In a nutshell, we’re bringing more than 300 million PayPal users to African businesses so they can accept payments across the continents. Our mission at the company has always been to simplify payments for endless possibilities, and from where we started, it has always been about payments. So despite having the largest payment infrastructure in Africa, we want to have arguably all the important payment systems in the world on our platform.”
Olugbenga Agboola, Flutterwave’s CEO.
What these Changes For PayPal
Before this partnership, PayPal only operates in about 12 African countries forcing African merchants who can’t access the platform to seek alternative online payment platforms or use PayPal accounts of people who are based in countries that can access the payment service.
Africa’s e-commerce system is growing fast and partnerships like this would make development a whole lot faster. Flutterwave just handed PayPal a front-row seat to help and watch a thriving, opportunity, idea, and business-filled continent’s growth.
Now Africa businesses can extend their marketing to the end of the world using PayPal to receive and send payments.